WS #12003
US launched third consecutive night of strikes on Iran; Iran retaliated with drone strikes on US facilities in Kuwait and cruise missile attacks on US vessels; Trump announced 20% cargo fee for Strait of Hormuz transit, effectively blockading Iranian ports; oil surged ~9-10%.
US-Iran Military Escalation and Oil Supply Disruption
US launched third consecutive night of strikes on Iran; Iran retaliated with drone strikes on US facilities in Kuwait and cruise missile attacks on US vessels; Trump announced 20% cargo fee for Strait of Hormuz transit, effectively blockading Iranian ports; oil surged ~9-10%.