WS #11928
US launches massive airstrikes on Iran; Iran retaliates against Gulf states and claims Strait of Hormuz closure; oil prices spike 3.4-3.5%, US stock futures slip; UAE bypass pipeline partially offsets supply risk.
US-Iran Military Escalation and Oil Supply Disruption
US launches massive airstrikes on Iran; Iran retaliates against Gulf states and claims Strait of Hormuz closure; oil prices spike 3.4-3.5%, US stock futures slip; UAE bypass pipeline partially offsets supply risk.