WS #12286
US sending dozens more refueling planes to Israel ahead of possible escalation; oil prices surge (WTI +2.74%) as US attacks Iranian infrastructure and Iran strikes targets in Iraq, Kuwait, Syria. Chevron reportedly signing deal with Iraq to invest in oil fields and studying pipeline bypassing Strait of Hormuz, potentially alleviating supply disruption fears.
US-Iran Conflict Escalation and Oil Price Surge
US sending dozens more refueling planes to Israel ahead of possible escalation; oil prices surge (WTI +2.74%) as US attacks Iranian infrastructure and Iran strikes targets in Iraq, Kuwait, Syria.
Chevron reportedly signing deal with Iraq to invest in oil fields and studying pipeline bypassing Strait of Hormuz, potentially alleviating supply disruption fears.