WS #12002
Trump announces US will strike Iran and impose 20% fee on Strait of Hormuz cargo; oil surges ~9%, markets react with risk-off. Oil prices surge ~9% on Hormuz blockade; Nasdaq falls 1.6%, SPY down 0.8%.
US-Iran Military Escalation / Strait of Hormuz Blockade
Trump announces US will strike Iran and impose 20% fee on Strait of Hormuz cargo; oil surges ~9%, markets react with risk-off.
Oil prices surge ~9% on Hormuz blockade; Nasdaq falls 1.6%, SPY down 0.8%.