WS #12032
Oil surges as US reinstates blockade and Iran attacks tankers; Brent above $86, WTI near $80; Hormuz traffic disrupted but US military assists 8.5M bbl transit. Ukraine strikes two Russian oil refineries in Bashkortostan and Krasnodar, adding to supply disruption fears.
US-Iran Hormuz Escalation
Oil surges as US reinstates blockade and Iran attacks tankers; Brent above $86, WTI near $80; Hormuz traffic disrupted but US military assists 8.5M bbl transit.
Ukraine strikes two Russian oil refineries in Bashkortostan and Krasnodar, adding to supply disruption fears.