WS #11936
US launches multiple waves of airstrikes on Iran after IRGC attacks a container ship in the Strait of Hormuz; Iran retaliates by striking Gulf states and declaring the strait closed; oil prices surge 3%+. Ukraine reportedly strikes a Russian oil depot in Stavropol Krai, adding to global energy supply disruption. OFAC revokes General License X for Iranian oil transactions, replacing it with a 10-day wind-down, tightening oil supply.
US-Iran Conflict Escalation
US launches multiple waves of airstrikes on Iran after IRGC attacks a container ship in the Strait of Hormuz; Iran retaliates by striking Gulf states and declaring the strait closed; oil prices surge 3%+.
Ukraine reportedly strikes a Russian oil depot in Stavropol Krai, adding to global energy supply disruption.
OFAC revokes General License X for Iranian oil transactions, replacing it with a 10-day wind-down, tightening oil supply.