WS #12284
US-Iran conflict escalates with sixth straight night of US strikes; oil prices surge (WTI +3.4% to $81.59) on supply disruption fears, with Iran reporting a tanker hit at Kharg Island. Chevron reportedly signing deal with Iraq to invest in oil fields and studying pipeline to bypass Strait of Hormuz, potentially countering supply disruption fears.
US-Iran Conflict and Oil Price Surge
US-Iran conflict escalates with sixth straight night of US strikes; oil prices surge (WTI +3.4% to $81.59) on supply disruption fears, with Iran reporting a tanker hit at Kharg Island.
Chevron reportedly signing deal with Iraq to invest in oil fields and studying pipeline to bypass Strait of Hormuz, potentially countering supply disruption fears.