WS #12207
US missile strikes near Bandar Abbas and Qeshm Island, drone interceptions over Erbil, and Iraq suspends crude oil flows after drone attack, escalating conflict but oil prices remain subdued due to China demand drop. China reduces oil purchases by 5 million barrels per day, offsetting supply disruptions from Strait of Hormuz closure and keeping oil prices in check. Energy IPOs raise $12.6B in H1 2026, highest since 1999, as investors hunt for ways to play AI boom through power infrastructure.
US-Iran Conflict Escalation
US missile strikes near Bandar Abbas and Qeshm Island, drone interceptions over Erbil, and Iraq suspends crude oil flows after drone attack, escalating conflict but oil prices remain subdued due to China demand drop.
China reduces oil purchases by 5 million barrels per day, offsetting supply disruptions from Strait of Hormuz closure and keeping oil prices in check.
Energy IPOs raise $12.6B in H1 2026, highest since 1999, as investors hunt for ways to play AI boom through power infrastructure.