WS #13768
Iran's Guards refuse to reopen Hormuz without US meeting all demands; tanker traffic collapses and an ADNOC tanker is attacked, driving oil prices up sharply. Brent and WTI futures surge over 2.7% as Hormuz closure persists, with Brent up 5.3% in 24 hours. Israel rejects Trump's Gaza plan, Houthis strike Saudi refinery and port, and Iran appoints hardliner to security post, escalating regional tensions.
Strait of Hormuz Escalation
Iran's Guards refuse to reopen Hormuz without US meeting all demands; tanker traffic collapses and an ADNOC tanker is attacked, driving oil prices up sharply.
Brent and WTI futures surge over 2.7% as Hormuz closure persists, with Brent up 5.3% in 24 hours.
Israel rejects Trump's Gaza plan, Houthis strike Saudi refinery and port, and Iran appoints hardliner to security post, escalating regional tensions.