WS #11999
Trump announces renewed strikes on Iran, reinstates naval blockade of Iranian ports, and imposes 20% toll on Strait of Hormuz cargo; Brent crude surges to $83 (+10%); Houthis attack Saudi airport; China warns Gulf states. Brent crude tops $83/barrel, biggest six-year surge; Fed rate hike bets increase; gold drops below $4,000; CPI report expected to show headline improvement but core services remain sticky.
US-Iran Military Escalation and Strait of Hormuz Blockade
Trump announces renewed strikes on Iran, reinstates naval blockade of Iranian ports, and imposes 20% toll on Strait of Hormuz cargo; Brent crude surges to $83 (+10%); Houthis attack Saudi airport; China warns Gulf states.
Brent crude tops $83/barrel, biggest six-year surge; Fed rate hike bets increase; gold drops below $4,000; CPI report expected to show headline improvement but core services remain sticky.