WS #11907
US launches massive strikes on Iran after Iran attacks vessel and claims Hormuz closure; Iran retaliates against Gulf states; US insists strait remains open, but oil supply risk is high. IEA reports oil flows through Hormuz recovered after June ceasefire but renewed hostilities revive supply uncertainty; crude prices fell to ~$68 then rebounded to ~$77.
US-Iran Military Escalation and Strait of Hormuz
US launches massive strikes on Iran after Iran attacks vessel and claims Hormuz closure; Iran retaliates against Gulf states; US insists strait remains open, but oil supply risk is high.
IEA reports oil flows through Hormuz recovered after June ceasefire but renewed hostilities revive supply uncertainty; crude prices fell to ~$68 then rebounded to ~$77.