WS #12052
Trump replaces 20% Hormuz cargo fee with trade deals, opens strait to all non-Iranian traffic, causing oil to reverse gains. Ballistic missiles hit US base in Jordan, Kuwait intercepts aerial targets, Houthis announce air blockade of Saudi Arabia, US announces naval blockade of Iranian ports.
Strait of Hormuz de-escalation
Trump replaces 20% Hormuz cargo fee with trade deals, opens strait to all non-Iranian traffic, causing oil to reverse gains.
Ballistic missiles hit US base in Jordan, Kuwait intercepts aerial targets, Houthis announce air blockade of Saudi Arabia, US announces naval blockade of Iranian ports.