WS #11703
Trump declares ceasefire over, US launches second night of strikes on Iran; Iran attacks US bases in Bahrain/Kuwait; Strait of Hormuz risk raised to 'serious'; oil surges 6%. Brent crude rises to $78.78/barrel (+6% on day); IMF cuts global growth forecast to 3.0% and raises inflation forecast to 4.7% due to war risks; oil price assumed at $89/bbl.
US-Iran Conflict Escalation
Trump declares ceasefire over, US launches second night of strikes on Iran; Iran attacks US bases in Bahrain/Kuwait; Strait of Hormuz risk raised to 'serious'; oil surges 6%.
Brent crude rises to $78.78/barrel (+6% on day); IMF cuts global growth forecast to 3.0% and raises inflation forecast to 4.7% due to war risks; oil price assumed at $89/bbl.