WS #11954
Fresh US strikes on Iran and Iranian retaliation on Gulf states have effectively closed the Strait of Hormuz, spiking oil prices 4-5% and pushing Treasury yields higher on rate hike expectations.
US-Iran Military Escalation and Oil Supply Disruption
Fresh US strikes on Iran and Iranian retaliation on Gulf states have effectively closed the Strait of Hormuz, spiking oil prices 4-5% and pushing Treasury yields higher on rate hike expectations.