WS #14200
Iran rejects Trump's Hormuz territory claim; 60-day deadline expires with no progress; three vessels attacked in 72 hours; traffic remains at 57 transits vs 138 average. Brent drops 4.1% to $96.63 on Friday, but Hormuz disruption keeps supply risk elevated; 4M barrels/day still transiting.
US-Iran conflict escalation
Iran rejects Trump's Hormuz territory claim; 60-day deadline expires with no progress; three vessels attacked in 72 hours; traffic remains at 57 transits vs 138 average.
Brent drops 4.1% to $96.63 on Friday, but Hormuz disruption keeps supply risk elevated; 4M barrels/day still transiting.