WS #12011
UAE tankers hit by Iranian missiles in Strait of Hormuz; Houthis blockade Bab el-Mandeb; Trump announces more strikes and 20% Hormuz fee; Iran warns of sudden escalation. WTI +9.42%, Brent +9.39% as Strait of Hormuz blockade and 20% fee threaten global oil supply; OPEC cuts demand forecast.
US-Iran Military Escalation
UAE tankers hit by Iranian missiles in Strait of Hormuz; Houthis blockade Bab el-Mandeb; Trump announces more strikes and 20% Hormuz fee; Iran warns of sudden escalation.
WTI +9.42%, Brent +9.39% as Strait of Hormuz blockade and 20% fee threaten global oil supply; OPEC cuts demand forecast.