WS #12045
US reimposes naval blockade on Iran, demands 20% cargo fee on Strait of Hormuz; Iran says it cannot export oil; Brent crude up 4.29%, WTI up 3.17%; Western fuel markets flash record tightness.
Strait of Hormuz escalation and oil surge
US reimposes naval blockade on Iran, demands 20% cargo fee on Strait of Hormuz; Iran says it cannot export oil; Brent crude up 4.29%, WTI up 3.17%; Western fuel markets flash record tightness.