WS #11625
US launches powerful strikes on Iran and revokes oil sanctions waiver after Iranian attacks on three commercial vessels in the Strait of Hormuz, escalating tensions and threatening the June ceasefire. Oil prices spike over 5% with Brent crude rising 3% to $76.25/bbl and US crude jumping nearly 6% above $70 on renewed Middle East tensions.
US-Iran military escalation
US launches powerful strikes on Iran and revokes oil sanctions waiver after Iranian attacks on three commercial vessels in the Strait of Hormuz, escalating tensions and threatening the June ceasefire.
Oil prices spike over 5% with Brent crude rising 3% to $76.25/bbl and US crude jumping nearly 6% above $70 on renewed Middle East tensions.