WS #12109
Strait of Hormuz effectively off-limits to commercial shipping; only 10 vessels passed Monday; Polymarket contracts show elevated probability of WTI hitting $95 in July. Iran claims drone strikes on US Fifth Fleet HQ in Bahrain, targets in Kuwait, Jordan, and Qatar's Al-Udeid Air Base; US launches new strikes on Iranian coastal targets and resumes naval blockade; Strait of Hormuz traffic plunges to <10% of normal.
Oil Supply Disruption
Strait of Hormuz effectively off-limits to commercial shipping; only 10 vessels passed Monday; Polymarket contracts show elevated probability of WTI hitting $95 in July.
Iran claims drone strikes on US Fifth Fleet HQ in Bahrain, targets in Kuwait, Jordan, and Qatar's Al-Udeid Air Base; US launches new strikes on Iranian coastal targets and resumes naval blockade; Strait of Hormuz traffic plunges to <10% of normal.