WS #12343
US and Iran exchange seventh consecutive night of strikes, targeting infrastructure and military assets; Iran suspends MOU with US; Strait of Hormuz effectively closed after tanker mine strikes. Brent crude surges to $88/bbl; refiners (Valero, Marathon Petroleum) gain >80% YTD; Pakistan scrambles for spot LNG as Hormuz disruptions cut Qatari supplies. Iraq signs 48 deals with US companies including ExxonMobil, Shell, Halliburton, and a pipeline deal with Syria to bypass Strait of Hormuz.
US-Iran Conflict Escalation
US and Iran exchange seventh consecutive night of strikes, targeting infrastructure and military assets; Iran suspends MOU with US; Strait of Hormuz effectively closed after tanker mine strikes.
Brent crude surges to $88/bbl; refiners (Valero, Marathon Petroleum) gain >80% YTD; Pakistan scrambles for spot LNG as Hormuz disruptions cut Qatari supplies.
Iraq signs 48 deals with US companies including ExxonMobil, Shell, Halliburton, and a pipeline deal with Syria to bypass Strait of Hormuz.