WS #11945
US and Iran exchange fresh strikes over Strait of Hormuz; oil rallies 4% with El-Erian warning of mid-$80s crude; air raid sirens in Bahrain; no large commercial vessel has crossed the strait with transponder on since July 7.
US-Iran Conflict Escalation / Oil Surge
US and Iran exchange fresh strikes over Strait of Hormuz; oil rallies 4% with El-Erian warning of mid-$80s crude; air raid sirens in Bahrain; no large commercial vessel has crossed the strait with transponder on since July 7.