WS #11634
US launches strikes on over 80 targets in Iran and revokes oil sales license after tanker attacks in Strait of Hormuz; Iran retaliates with strikes on US bases in Bahrain and Kuwait, breaking the fragile ceasefire and sending oil prices up over 2.6%. Brent crude rises above $76/barrel, WTI above $72, as US-Iran conflict threatens Strait of Hormuz shipping; EIA lowers price forecasts but geopolitical risk premium returns.
US-Iran Conflict Escalation
US launches strikes on over 80 targets in Iran and revokes oil sales license after tanker attacks in Strait of Hormuz; Iran retaliates with strikes on US bases in Bahrain and Kuwait, breaking the fragile ceasefire and sending oil prices up over 2.6%.
Brent crude rises above $76/barrel, WTI above $72, as US-Iran conflict threatens Strait of Hormuz shipping; EIA lowers price forecasts but geopolitical risk premium returns.