WS #12096
US strikes Iran for fourth day; Iran launches ballistic missiles at Jordan and drones at Kuwait and Bahrain; Trump threatens to hit power plants and bridges next week; Iran claims full control of Strait of Hormuz; Senate Democrats block defense bill over unauthorized war. Senate Democrats block $1.15 trillion NDAA in 50-46 vote over Trump's unauthorized Iran war; multiple sources report Democrats blocking military spending package. Brent crude rises 1% to $85.60 on hostilities; Trump nixes proposed 20% Hormuz transit fee causing oil to ease off highs; API crude draw smaller than expected (-564k vs -2.7M), bearish for oil.
US-Iran Conflict Escalation
US strikes Iran for fourth day; Iran launches ballistic missiles at Jordan and drones at Kuwait and Bahrain; Trump threatens to hit power plants and bridges next week; Iran claims full control of Strait of Hormuz; Senate Democrats block defense bill over unauthorized war.
Senate Democrats block $1.15 trillion NDAA in 50-46 vote over Trump's unauthorized Iran war; multiple sources report Democrats blocking military spending package.
Brent crude rises 1% to $85.60 on hostilities; Trump nixes proposed 20% Hormuz transit fee causing oil to ease off highs; API crude draw smaller than expected (-564k vs -2.7M), bearish for oil.