WS #14080
US escalates naval blockade on Iran (62 vessels redirected, 3 disabled, 2 boarded); two ADNOC tankers attacked in Hormuz; oil prices firm near $87-88 Brent as IEA warns of 1.8M bpd shortfall. Phillips 66 and Marathon Petroleum held talks for a $180B merger controlling 25% of US refining, but negotiations ended and are unlikely to resume.
Hormuz blockade escalation
US escalates naval blockade on Iran (62 vessels redirected, 3 disabled, 2 boarded); two ADNOC tankers attacked in Hormuz; oil prices firm near $87-88 Brent as IEA warns of 1.8M bpd shortfall.
Phillips 66 and Marathon Petroleum held talks for a $180B merger controlling 25% of US refining, but negotiations ended and are unlikely to resume.