WS #14222
Iran vows to keep Hormuz shut, oil prices firm with Brent up 6% weekly, no tankers moving through strait. Trump orders substantial reduction in US-South Korea military exercises, citing cost and relationship with Kim Jong Un. US has used virtually all long-range precision missiles in Iran war, raising readiness concerns and boosting defense stocks.
Hormuz blockade and oil prices
Iran vows to keep Hormuz shut, oil prices firm with Brent up 6% weekly, no tankers moving through strait.
Trump orders substantial reduction in US-South Korea military exercises, citing cost and relationship with Kim Jong Un.
US has used virtually all long-range precision missiles in Iran war, raising readiness concerns and boosting defense stocks.