WS #11636
US launched 80+ strikes on Iran and revoked oil export license; Iran retaliated with strikes on US bases in Bahrain and Kuwait; oil prices surged over 2% with Brent above $76; EU banned flights in Iranian airspace; ceasefire severely strained. Ukraine struck Russian oil refineries in Saratov and Tatarstan, causing large fires, adding to global oil supply disruption risks.
US-Iran Military Escalation and Oil Supply Disruption
US launched 80+ strikes on Iran and revoked oil export license; Iran retaliated with strikes on US bases in Bahrain and Kuwait; oil prices surged over 2% with Brent above $76; EU banned flights in Iranian airspace; ceasefire severely strained.
Ukraine struck Russian oil refineries in Saratov and Tatarstan, causing large fires, adding to global oil supply disruption risks.