WS #11992
US reinstates naval blockade of Iran, Trump declares US 'Guardian of Hormuz' with 20% fee on cargo; Houthis attack Saudi Arabia; oil jumps 8%+; risk-off across markets. IEA projects oil demand fall of 1 million bpd due to Strait closure, while releasing 400 million barrels of strategic reserves to cap prices.
US-Iran Conflict Escalation
US reinstates naval blockade of Iran, Trump declares US 'Guardian of Hormuz' with 20% fee on cargo; Houthis attack Saudi Arabia; oil jumps 8%+; risk-off across markets.
IEA projects oil demand fall of 1 million bpd due to Strait closure, while releasing 400 million barrels of strategic reserves to cap prices.