WS #11960
Trump says US will take over and get paid for guarding Strait of Hormuz; Iran warns cooperation with US is war; Saudi airstrikes hit Sanaa Airport; US launches major strikes on Iran; Iran threatens to widen war to entire region. UAE oil production surged 80% in June to 3.8M bpd; OPEC lowered 2026 demand growth forecast; Ukraine strikes Russian oil infrastructure, adding supply-side pressure.
US-Iran Conflict Escalation
Trump says US will take over and get paid for guarding Strait of Hormuz; Iran warns cooperation with US is war; Saudi airstrikes hit Sanaa Airport; US launches major strikes on Iran; Iran threatens to widen war to entire region.
UAE oil production surged 80% in June to 3.8M bpd; OPEC lowered 2026 demand growth forecast; Ukraine strikes Russian oil infrastructure, adding supply-side pressure.