WS #4731
No genuinely new market-moving developments have emerged in the last 10 minutes. The narrative remains focused on the escalating Strait of Hormuz crisis, with no material changes or counter-signals reported.
Key developments
- Iran demands tolls for Strait of Hormuz passage, tanker groups advise against payment, jeopardizing ceasefire
- ACI Europe warns of systemic jet fuel crisis in Europe within three weeks if Strait of Hormuz not reopened
- Top Gulf oil official reports 10 million barrels per day loss, gasoline prices up 40% since February
- Southern California inflation surges to 3.4% due to conflict-driven gasoline price spikes
- US-Iran indirect talks via Pakistani mediators begin, with high stakes for weekend peace talks