WS #11704
US launches second night of strikes on Iran, Iran retaliates against US bases in Bahrain and Kuwait; Strait of Hormuz tensions remain high with threats of closure. Brent crude near $79/barrel, up ~1% on renewed US-Iran hostilities; some reports show a pullback to $77.63, but overall oil remains elevated, fueling inflation concerns.
US-Iran Conflict Escalation
US launches second night of strikes on Iran, Iran retaliates against US bases in Bahrain and Kuwait; Strait of Hormuz tensions remain high with threats of closure.
Brent crude near $79/barrel, up ~1% on renewed US-Iran hostilities; some reports show a pullback to $77.63, but overall oil remains elevated, fueling inflation concerns.