WS #12233
US launches sixth straight night of airstrikes across southern Iran, hitting bridges, railway stations, and an oil tanker, escalating the conflict and supporting oil prices. Valero Energy authorized an additional $5B share repurchase program, a bullish signal for the energy sector. Asian LNG spot prices jumped 10% as the Hormuz crisis reignites supply fears, bullish for natural gas and energy. IEA predicts the first decrease in global oil demand since 2020, a bearish long-term signal for oil.
US-Iran Conflict Escalation
US launches sixth straight night of airstrikes across southern Iran, hitting bridges, railway stations, and an oil tanker, escalating the conflict and supporting oil prices.
Valero Energy authorized an additional $5B share repurchase program, a bullish signal for the energy sector.
Asian LNG spot prices jumped 10% as the Hormuz crisis reignites supply fears, bullish for natural gas and energy.
IEA predicts the first decrease in global oil demand since 2020, a bearish long-term signal for oil.