WS #11742
US launched new airstrikes on Iran including Tehran, Iran retaliated against Gulf states, Strait of Hormuz shipping disrupted, ceasefire declared 'over' by Trump. Oil prices fell 2-2.5% as traders bet on short-lived conflict, Goldman Sachs estimates Gulf oil flows at ~70% of normal.
US-Iran Conflict Escalation
US launched new airstrikes on Iran including Tehran, Iran retaliated against Gulf states, Strait of Hormuz shipping disrupted, ceasefire declared 'over' by Trump.
Oil prices fell 2-2.5% as traders bet on short-lived conflict, Goldman Sachs estimates Gulf oil flows at ~70% of normal.