WS #11971
Trump announces reinstated naval blockade and 20% cargo fee on Strait of Hormuz, oil prices surge ~4.6%, traffic plunges 52%, US and Iran trade strikes including first combat use of US sea drones. Brent crude rises 4.6% to $79.50, WTI up 4.6% to $74.72; Bitcoin falls below $63,000; SpaceX sinks to lowest level near IPO price; Western Digital drops 6% on chip sector weakness. US sea drones strike Iranian naval facility; Saudi airstrikes hit Sana'a airport; Kuwait oil platform drone attack confirmed; Yemen airports reopen.
US-Iran Strait of Hormuz Escalation
Trump announces reinstated naval blockade and 20% cargo fee on Strait of Hormuz, oil prices surge ~4.6%, traffic plunges 52%, US and Iran trade strikes including first combat use of US sea drones.
Brent crude rises 4.6% to $79.50, WTI up 4.6% to $74.72; Bitcoin falls below $63,000; SpaceX sinks to lowest level near IPO price; Western Digital drops 6% on chip sector weakness.
US sea drones strike Iranian naval facility; Saudi airstrikes hit Sana'a airport; Kuwait oil platform drone attack confirmed; Yemen airports reopen.