WS #12012
Iranian cruise missiles struck two UAE tankers in the Strait of Hormuz, killing one crew member; Houthis announced blockade of Bab el-Mandeb; US launched more strikes; Trump threatens 20% shipping fee. Oil prices jumped more than 3% amid Strait of Hormuz concerns; WTI +9.42%, Brent +9.39%.
US-Iran Conflict Escalation
Iranian cruise missiles struck two UAE tankers in the Strait of Hormuz, killing one crew member; Houthis announced blockade of Bab el-Mandeb; US launched more strikes; Trump threatens 20% shipping fee.
Oil prices jumped more than 3% amid Strait of Hormuz concerns; WTI +9.42%, Brent +9.39%.