WS #11991
US resumes combat operations in Iran, declares naval blockade effective July 14; Iran mocks US Hormuz fee proposal; Houthi missiles target Saudi Arabia; UK designates IRGC as terrorist organization. Oil prices jump more than 8% on worsening US-Iran war, pressuring airline stocks and fueling inflation concerns.
US-Iran Military Escalation
US resumes combat operations in Iran, declares naval blockade effective July 14; Iran mocks US Hormuz fee proposal; Houthi missiles target Saudi Arabia; UK designates IRGC as terrorist organization.
Oil prices jump more than 8% on worsening US-Iran war, pressuring airline stocks and fueling inflation concerns.