WS #12387
US launches retaliatory airstrikes against Iran after Iranian attack kills two US troops in Jordan; oil prices surge ~16% on Strait of Hormuz disruption fears. Brent crude up 15.9% to $88.10, WTI up 15.5% to $82.44; diesel prices rise 15 cents in five days; analysts warn of potential $150/barrel if Strait remains closed. UK, Italian and Japanese fighter jet venture wins $6.14 billion contract, signaling defense spending growth.
US-Iran Conflict Escalation
US launches retaliatory airstrikes against Iran after Iranian attack kills two US troops in Jordan; oil prices surge ~16% on Strait of Hormuz disruption fears.
Brent crude up 15.9% to $88.10, WTI up 15.5% to $82.44; diesel prices rise 15 cents in five days; analysts warn of potential $150/barrel if Strait remains closed.
UK, Italian and Japanese fighter jet venture wins $6.14 billion contract, signaling defense spending growth.