WS #12122
IRGC threatens closure of additional oil/gas routes; IMO urges shippers to avoid Strait of Hormuz; FT reports stockpiles running low; Yemen threatens Bab el-Mandeb closure; new US sanctions bill targets Russia's oil exports. China's electric taxi and rideshare boom is cutting oil demand, providing a buffer against Strait of Hormuz supply shocks.
US-Iran escalation and oil supply risk
IRGC threatens closure of additional oil/gas routes; IMO urges shippers to avoid Strait of Hormuz; FT reports stockpiles running low; Yemen threatens Bab el-Mandeb closure; new US sanctions bill targets Russia's oil exports.
China's electric taxi and rideshare boom is cutting oil demand, providing a buffer against Strait of Hormuz supply shocks.