WS #11938
US and Iran exchange heavy missile and drone strikes; Iran hits US bases in multiple Gulf states and re-closes Strait of Hormuz; oil prices surge 4%. Brent crude rises to $79.50, WTI to $74.20, up ~4% on Strait of Hormuz closure fears and renewed US-Iran strikes.
US-Iran Military Escalation
US and Iran exchange heavy missile and drone strikes; Iran hits US bases in multiple Gulf states and re-closes Strait of Hormuz; oil prices surge 4%.
Brent crude rises to $79.50, WTI to $74.20, up ~4% on Strait of Hormuz closure fears and renewed US-Iran strikes.