WS #14100
Trump reiterates Hormuz territory declaration and 'wall of steel' blockade; oil prices elevated, Asian refiners shift to US crude, but Saudi rerouting via Egypt and long-term alternatives may counter the premium.
Middle East Oil Escalation
Trump reiterates Hormuz territory declaration and 'wall of steel' blockade; oil prices elevated, Asian refiners shift to US crude, but Saudi rerouting via Egypt and long-term alternatives may counter the premium.