WS #11574
Iranian missiles struck two commercial vessels in the Strait of Hormuz, setting an LNG tanker ablaze, reviving geopolitical risk premium in oil markets. China test-fired a submarine-launched ballistic missile into the South Pacific, drawing condemnation from Australia, Japan, and New Zealand, escalating regional tensions. Oil prices edge up slightly but remain near pre-Iran war levels as OPEC+ plans further output increases and Saudi Arabia cuts prices sharply.
Strait of Hormuz Tanker Attack
Iranian missiles struck two commercial vessels in the Strait of Hormuz, setting an LNG tanker ablaze, reviving geopolitical risk premium in oil markets.
China test-fired a submarine-launched ballistic missile into the South Pacific, drawing condemnation from Australia, Japan, and New Zealand, escalating regional tensions.
Oil prices edge up slightly but remain near pre-Iran war levels as OPEC+ plans further output increases and Saudi Arabia cuts prices sharply.