WS #11632
US launched massive strikes on Iran (80+ targets) and revoked oil sanctions waiver after Iranian attacks on ships in Strait of Hormuz; Iran retaliated against Bahrain and Kuwait; oil prices surged >5%. Brent crude rose above $76/barrel, WTI above $72, as US-Iran conflict threatens supply through Strait of Hormuz, reversing recent price declines.
US-Iran Conflict Escalation
US launched massive strikes on Iran (80+ targets) and revoked oil sanctions waiver after Iranian attacks on ships in Strait of Hormuz; Iran retaliated against Bahrain and Kuwait; oil prices surged >5%.
Brent crude rose above $76/barrel, WTI above $72, as US-Iran conflict threatens supply through Strait of Hormuz, reversing recent price declines.