WS #14089
Fresh Houthi strikes on Saudi ships and refinery, UAE accusing Iran of tanker attacks, and continued blockade with only 2-13 daily crossings keep oil prices elevated and energy stocks bid. India cuts windfall taxes on petrol, diesel, and ATF exports effective Aug 15, boosting Indian refiners and potentially easing global fuel supply costs. Ukrainian strikes on Russian refineries cause gasoline shortages and fuel rationing in Moscow, tightening global fuel supply. Pentagon expands missile interceptor production with Boeing and RTX, and reports 45 Reaper drones lost in Iran war, signaling defense spending tailwinds.
Hormuz crisis escalation
Fresh Houthi strikes on Saudi ships and refinery, UAE accusing Iran of tanker attacks, and continued blockade with only 2-13 daily crossings keep oil prices elevated and energy stocks bid.
India cuts windfall taxes on petrol, diesel, and ATF exports effective Aug 15, boosting Indian refiners and potentially easing global fuel supply costs.
Ukrainian strikes on Russian refineries cause gasoline shortages and fuel rationing in Moscow, tightening global fuel supply.
Pentagon expands missile interceptor production with Boeing and RTX, and reports 45 Reaper drones lost in Iran war, signaling defense spending tailwinds.