WS #12310
US launched seventh consecutive night of airstrikes on multiple Iranian cities; Iran retaliated with missile/drone strikes on Kuwait, hitting military facilities and a desalination plant. Oil prices surged ~4% as hedge funds added bullish oil bets at fastest pace in a decade; US rig count rose for 12th straight week.
US-Iran Conflict Escalation
US launched seventh consecutive night of airstrikes on multiple Iranian cities; Iran retaliated with missile/drone strikes on Kuwait, hitting military facilities and a desalination plant.
Oil prices surged ~4% as hedge funds added bullish oil bets at fastest pace in a decade; US rig count rose for 12th straight week.