WS #12028
US reinstates Strait of Hormuz blockade with 20% toll; Iran retaliates by attacking tankers and a US base in Jordan; Brent crude above $85. Brent crude rises above $85/barrel for first time in a month due to renewed US-Iran hostilities and blockade. Ukrainian drones attack the Salavat oil refinery in Russia's Bashkortostan, adding supply-side pressure on Russian oil.
US-Iran Conflict Escalation
US reinstates Strait of Hormuz blockade with 20% toll; Iran retaliates by attacking tankers and a US base in Jordan; Brent crude above $85.
Brent crude rises above $85/barrel for first time in a month due to renewed US-Iran hostilities and blockade.
Ukrainian drones attack the Salavat oil refinery in Russia's Bashkortostan, adding supply-side pressure on Russian oil.