WS #14088
Multiple attacks on Saudi logistics ships and Aramco refinery, plus UAE accusation of Iranian drone strikes on ADNOC tankers, keep oil risk premium elevated. India reduces windfall taxes on petrol, diesel, and ATF exports effective Aug 15, boosting Indian refiners' margins and potentially increasing product supply. Trump's 100% tariff on foreign drones continues to lift US drone makers (UMAC, RCAT, ONDS), with UMAC up 22.7%.
Hormuz/Red Sea attacks escalate
Multiple attacks on Saudi logistics ships and Aramco refinery, plus UAE accusation of Iranian drone strikes on ADNOC tankers, keep oil risk premium elevated.
India reduces windfall taxes on petrol, diesel, and ATF exports effective Aug 15, boosting Indian refiners' margins and potentially increasing product supply.
Trump's 100% tariff on foreign drones continues to lift US drone makers (UMAC, RCAT, ONDS), with UMAC up 22.7%.