WS #12203
US strikes on Iran continue, Houthis threaten Saudi oil facilities, and UAE-produced drones reportedly used in attacks, escalating geopolitical risk and supporting energy prices. Over 800 Canadian wildfires cause air quality alerts across 20 US states, potentially impacting outdoor activities and energy demand. EIA natural gas storage change of +41 Bcf vs +39 est, slightly bullish for natural gas prices.
US-Iran Conflict Escalation
US strikes on Iran continue, Houthis threaten Saudi oil facilities, and UAE-produced drones reportedly used in attacks, escalating geopolitical risk and supporting energy prices.
Over 800 Canadian wildfires cause air quality alerts across 20 US states, potentially impacting outdoor activities and energy demand.
EIA natural gas storage change of +41 Bcf vs +39 est, slightly bullish for natural gas prices.