WS #12031
Trump announces 20% transit fee on Strait of Hormuz vessels, Iran retaliates with missile attacks on UAE tankers, US conducts third night of airstrikes on Iran, Brent crude surges to $83-85/bbl. Brent crude hits $83-85/bbl (+10%), BP benefits from higher prices, Asian and European equity markets decline on oil supply fears. Royal Saudi Air Force conducts airstrikes on Houthi positions in Saada Province, Yemen, adding to regional instability.
US-Iran Conflict Escalation - Strait of Hormuz Blockade
Trump announces 20% transit fee on Strait of Hormuz vessels, Iran retaliates with missile attacks on UAE tankers, US conducts third night of airstrikes on Iran, Brent crude surges to $83-85/bbl.
Brent crude hits $83-85/bbl (+10%), BP benefits from higher prices, Asian and European equity markets decline on oil supply fears.
Royal Saudi Air Force conducts airstrikes on Houthi positions in Saada Province, Yemen, adding to regional instability.