WS #12081
US resumes naval blockade of Iran, launches fourth day of strikes; Iran retaliates against Gulf states and shipping, killing an Indian seafarer; oil prices surge on renewed Hormuz disruptions. Trump walks back proposed 20% toll on Strait of Hormuz shipping, replacing it with investment deals from Gulf states, a de-escalatory move that dampens bearish energy/index thesis. Senate Democrats block debate on the $1.15 trillion defense bill, objecting to Iran war authorization and Israel provisions.
US-Iran Conflict Escalation and Oil Price Surge
US resumes naval blockade of Iran, launches fourth day of strikes; Iran retaliates against Gulf states and shipping, killing an Indian seafarer; oil prices surge on renewed Hormuz disruptions.
Trump walks back proposed 20% toll on Strait of Hormuz shipping, replacing it with investment deals from Gulf states, a de-escalatory move that dampens bearish energy/index thesis.
Senate Democrats block debate on the $1.15 trillion defense bill, objecting to Iran war authorization and Israel provisions.