WS #11743
US launches fresh airstrikes on Iranian coastal cities (Bushehr, Chabahar, Konarak) and Tehran; Iran retaliates against Gulf state military infrastructure; Strait of Hormuz shipping remains disrupted; Trump declares truce 'over'. Despite escalating conflict, oil prices fall sharply (Brent -2.5%, WTI -2.2%) as traders bet on short-lived conflict; Goldman Sachs estimates Gulf oil flows at ~70% of normal.
US-Iran Conflict Escalation
US launches fresh airstrikes on Iranian coastal cities (Bushehr, Chabahar, Konarak) and Tehran; Iran retaliates against Gulf state military infrastructure; Strait of Hormuz shipping remains disrupted; Trump declares truce 'over'.
Despite escalating conflict, oil prices fall sharply (Brent -2.5%, WTI -2.2%) as traders bet on short-lived conflict; Goldman Sachs estimates Gulf oil flows at ~70% of normal.