WS #12271
US strikes on Iranian civilian infrastructure for sixth consecutive night; Iran attacks Kuwaiti water/power plants; ExxonMobil tanker attacked near Black Sea; Houthis threaten Bab al-Mandab blockade. Oil prices up 13% in a week, Brent near $86, WTI near $81, with risks of further spikes due to Hormuz blockade and Red Sea threats. Chevron signs preliminary deals to invest in Iraqi oil fields and study pipeline bypassing Strait of Hormuz, a potential counter to oil supply disruption.
US-Iran Conflict Escalation
US strikes on Iranian civilian infrastructure for sixth consecutive night; Iran attacks Kuwaiti water/power plants; ExxonMobil tanker attacked near Black Sea; Houthis threaten Bab al-Mandab blockade.
Oil prices up 13% in a week, Brent near $86, WTI near $81, with risks of further spikes due to Hormuz blockade and Red Sea threats.
Chevron signs preliminary deals to invest in Iraqi oil fields and study pipeline bypassing Strait of Hormuz, a potential counter to oil supply disruption.