WS #11697
US launches new strikes on Iran after Trump declares ceasefire 'over'; Iran retaliates with ballistic missiles on US bases in Kuwait, Bahrain, and Qatar, escalating the conflict and driving oil prices up over 4%. Oil prices surge (WTI +4.49% to $73.60, Brent +5.3% to $78.12) on renewed US-Iran hostilities, with analysts warning of further upside if Strait of Hormuz disruptions continue.
US-Iran Conflict Escalation
US launches new strikes on Iran after Trump declares ceasefire 'over'; Iran retaliates with ballistic missiles on US bases in Kuwait, Bahrain, and Qatar, escalating the conflict and driving oil prices up over 4%.
Oil prices surge (WTI +4.49% to $73.60, Brent +5.3% to $78.12) on renewed US-Iran hostilities, with analysts warning of further upside if Strait of Hormuz disruptions continue.