WS #12046
US reimposes naval blockade and 20% cargo fee on Strait of Hormuz; Iran says it cannot export oil; oil prices surge to $87/bbl; Western fuel markets flash record tightness.
Strait of Hormuz escalation
US reimposes naval blockade and 20% cargo fee on Strait of Hormuz; Iran says it cannot export oil; oil prices surge to $87/bbl; Western fuel markets flash record tightness.