WS #11964
Strait of Hormuz traffic down 52% WoW, Saudi strikes on Sanaa airport, Houthi retaliation threats, Trump proposes US control, and UAE plans bypass port; oil could spike to $125 if hot war resumes. Raymond James raises price targets on Phillips 66, Marathon Petroleum, Par Pacific, HF Sinclair, and Delek US Holdings amid oil price surge (WTI +3.5%, Brent +3.6%). Putin promises more powerful response to Ukraine strikes; Russian anti-war politician Boris Nadezhdin detained.
Strait of Hormuz Crisis Escalation
Strait of Hormuz traffic down 52% WoW, Saudi strikes on Sanaa airport, Houthi retaliation threats, Trump proposes US control, and UAE plans bypass port; oil could spike to $125 if hot war resumes.
Raymond James raises price targets on Phillips 66, Marathon Petroleum, Par Pacific, HF Sinclair, and Delek US Holdings amid oil price surge (WTI +3.5%, Brent +3.6%).
Putin promises more powerful response to Ukraine strikes; Russian anti-war politician Boris Nadezhdin detained.