WS #12018
US reinstates naval blockade of Strait of Hormuz, imposes 20% cargo fee, conducts additional airstrikes on Iran; oil prices surge over 10% to $83/barrel. WTI crude oil spikes over 10% to $83/barrel, with Polymarket contracts pricing $100 oil in July.
US-Iran Conflict Escalation
US reinstates naval blockade of Strait of Hormuz, imposes 20% cargo fee, conducts additional airstrikes on Iran; oil prices surge over 10% to $83/barrel.
WTI crude oil spikes over 10% to $83/barrel, with Polymarket contracts pricing $100 oil in July.