WS #12273
Iran strikes on Kuwaiti infrastructure, satellite images show damage at Bushehr nuclear plant, Strait of Hormuz remains severely disrupted; oil prices rise (WTI +2%, Brent +1.75% to $85.7). Chevron pursuing investments in Iraqi oil fields and exploring pipeline to bypass Strait of Hormuz; ConocoPhillips buys 42% stake in BP's Kirkuk redevelopment.
Middle East geopolitical escalation and oil supply disruption
Iran strikes on Kuwaiti infrastructure, satellite images show damage at Bushehr nuclear plant, Strait of Hormuz remains severely disrupted; oil prices rise (WTI +2%, Brent +1.75% to $85.7).
Chevron pursuing investments in Iraqi oil fields and exploring pipeline to bypass Strait of Hormuz; ConocoPhillips buys 42% stake in BP's Kirkuk redevelopment.