WS #12278
US completes sixth straight night of Iran strikes; Strait of Hormuz traffic at 17% of normal; WTI crude rallies over 11% for the week. Chevron signs preliminary deals to invest in Iraqi oil fields and build a pipeline to the Mediterranean, potentially bypassing the Strait of Hormuz.
Geopolitical escalation: US-Iran strikes continue, oil prices surge
US completes sixth straight night of Iran strikes; Strait of Hormuz traffic at 17% of normal; WTI crude rallies over 11% for the week.
Chevron signs preliminary deals to invest in Iraqi oil fields and build a pipeline to the Mediterranean, potentially bypassing the Strait of Hormuz.