WS #12300
Iran attacks Kuwait and Iraqi Kurdistan, Strait of Hormuz traffic collapses to 17% of normal, Brent surges 4.74%, US strikes Kharg Island again, IRGC drones hit tankers. Brent +4.74%, WTI +4.76%, US oil rig count longest streak without drop since 2022, Strait of Hormuz crisis worsens.
Iran-US Conflict Escalation
Iran attacks Kuwait and Iraqi Kurdistan, Strait of Hormuz traffic collapses to 17% of normal, Brent surges 4.74%, US strikes Kharg Island again, IRGC drones hit tankers.
Brent +4.74%, WTI +4.76%, US oil rig count longest streak without drop since 2022, Strait of Hormuz crisis worsens.