WS #12276
U.S. completes sixth straight night of Iran strikes; Ukraine strikes Russian tankers and refinery; Strait of Hormuz traffic at 17% of normal; oil prices surge (WTI +3.2%, Brent +3.0%). Chevron signs preliminary deals to invest in Iraqi oil fields and a pipeline consortium that could revive a route to the Mediterranean, bypassing the Strait of Hormuz.
Geopolitical escalation: Iran strikes, Ukraine attacks, oil disruption
U.S. completes sixth straight night of Iran strikes; Ukraine strikes Russian tankers and refinery; Strait of Hormuz traffic at 17% of normal; oil prices surge (WTI +3.2%, Brent +3.0%).
Chevron signs preliminary deals to invest in Iraqi oil fields and a pipeline consortium that could revive a route to the Mediterranean, bypassing the Strait of Hormuz.