Iranian Supreme National Security Council Secretary Rezaei said the Strait of Hormuz will not reopen unless the U.S. accepts Iran’s ceasefire conditions (including unfreezing Iranian assets and ending related regional conflicts).
The U.S. military fired a missile at a Panama-flagged cargo ship heading to an Iranian port in the Gulf of Oman;
Houthi forces attacked Saudi and Egyptian vessels in the Bab el-Mandeb Strait, causing crew fatalities.
Geopolitical risk premiums are supporting oil prices, supply disruption concerns persist, and inflation expectations are intertwining with safe-haven demand, increasing near-term commodity volatility
The U.S. military fired a missile at a Panama-flagged cargo ship heading to an Iranian port in the Gulf of Oman;
Houthi forces attacked Saudi and Egyptian vessels in the Bab el-Mandeb Strait, causing crew fatalities.
Geopolitical risk premiums are supporting oil prices, supply disruption concerns persist, and inflation expectations are intertwining with safe-haven demand, increasing near-term commodity volatility