WS #11723
US-Iran military escalation intensifies with tit-for-tat strikes; Strait of Hormuz traffic collapses to near-standstill, threatening global oil supply and the June 17 ceasefire. CFTC blocks CME's plan for 24/7 oil futures trading, limiting hedging options but not changing physical supply dynamics.
US-Iran Military Escalation / Strait of Hormuz
US-Iran military escalation intensifies with tit-for-tat strikes; Strait of Hormuz traffic collapses to near-standstill, threatening global oil supply and the June 17 ceasefire.
CFTC blocks CME's plan for 24/7 oil futures trading, limiting hedging options but not changing physical supply dynamics.