WS #12030
US-Iran conflict escalates with third night of US strikes, Strait of Hormuz blockade with 20% toll, and Iranian attacks on tankers, pushing Brent crude above $85. Ukrainian drones strike Gazprom Neftekhim Salavat and Afipsky oil refineries, adding supply-side pressure on Russian oil. BP expects $1B impairment tied to gas and low-carbon business, refocusing on oil and gas.
US-Iran Conflict Escalation
US-Iran conflict escalates with third night of US strikes, Strait of Hormuz blockade with 20% toll, and Iranian attacks on tankers, pushing Brent crude above $85.
Ukrainian drones strike Gazprom Neftekhim Salavat and Afipsky oil refineries, adding supply-side pressure on Russian oil.
BP expects $1B impairment tied to gas and low-carbon business, refocusing on oil and gas.