WS #12779
US pauses Iran strikes for second night; CENTCOM advises campaign has reached effectiveness limits and munitions are dwindling. Iran also halts retaliatory attacks. Diplomatic talks with Oman on Hormuz continue. However, an oil tanker exploded after hitting a mine in the Strait of Hormuz, keeping oil supply risk elevated. Kazakh President Tokayev urged Putin to freeze the Ukraine war, while drone attacks blamed on Ukraine have slowed Kazakh oil exports via the CPC pipeline, threatening global oil supply.
US-Iran conflict de-escalation and oil risk
US pauses Iran strikes for second night; CENTCOM advises campaign has reached effectiveness limits and munitions are dwindling. Iran also halts retaliatory attacks. Diplomatic talks with Oman on Hormuz continue. However, an oil tanker exploded after hitting a mine in the Strait of Hormuz, keeping oil supply risk elevated.
Kazakh President Tokayev urged Putin to freeze the Ukraine war, while drone attacks blamed on Ukraine have slowed Kazakh oil exports via the CPC pipeline, threatening global oil supply.