WS #12299
Iran launched fresh attacks, including an IRGC drone strike on a tanker in the Strait of Hormuz, and US missiles struck an oil tanker at Iran's Kharg Island for the second time in two days. Only 10 ships passed through the Strait in the last 24 hours (less than 17% of normal traffic). Oil prices surged: WTI +4.76%, Brent +4.74%. FAA allows Boeing to resume issuing airworthiness certificates for 737 MAX and 787, a positive catalyst for BA. EU set to delay fines for breaking methane rules after US pressure, potentially easing regulatory burden on energy companies.
US-Iran Conflict Escalation
Iran launched fresh attacks, including an IRGC drone strike on a tanker in the Strait of Hormuz, and US missiles struck an oil tanker at Iran's Kharg Island for the second time in two days. Only 10 ships passed through the Strait in the last 24 hours (less than 17% of normal traffic). Oil prices surged: WTI +4.76%, Brent +4.74%.
FAA allows Boeing to resume issuing airworthiness certificates for 737 MAX and 787, a positive catalyst for BA.
EU set to delay fines for breaking methane rules after US pressure, potentially easing regulatory burden on energy companies.