WS #11624
US launches 'powerful strikes' against Iran and revokes oil sanctions waiver after Iranian attacks on three commercial vessels in the Strait of Hormuz, escalating tensions and threatening the fragile ceasefire. Lockheed Martin wins $607M in defense contracts; UK announces $50B European initiative for deep precision strike capabilities; NATO members projected to exceed 3.5% GDP defense spending. Oil prices surge over 5% on US-Iran escalation, with Brent crude rising 3% to $76/bbl and US crude jumping nearly 6% above $70.
US-Iran Military Escalation
US launches 'powerful strikes' against Iran and revokes oil sanctions waiver after Iranian attacks on three commercial vessels in the Strait of Hormuz, escalating tensions and threatening the fragile ceasefire.
Lockheed Martin wins $607M in defense contracts; UK announces $50B European initiative for deep precision strike capabilities; NATO members projected to exceed 3.5% GDP defense spending.
Oil prices surge over 5% on US-Iran escalation, with Brent crude rising 3% to $76/bbl and US crude jumping nearly 6% above $70.