WS #12448
US launches ninth consecutive night of strikes on Iran; Iran retaliates by destroying two oil tankers in Strait of Hormuz and shooting down an MQ-9 drone; oil prices surge above $90 Brent; US soldier killed in Iraq. Brent crude breaks above $90/barrel, WTI above $84, as Strait of Hormuz standoff intensifies; soybeans and corn extend gains on crude oil jump, boosting biofuel appeal.
US-Iran Conflict Escalation
US launches ninth consecutive night of strikes on Iran; Iran retaliates by destroying two oil tankers in Strait of Hormuz and shooting down an MQ-9 drone; oil prices surge above $90 Brent; US soldier killed in Iraq.
Brent crude breaks above $90/barrel, WTI above $84, as Strait of Hormuz standoff intensifies; soybeans and corn extend gains on crude oil jump, boosting biofuel appeal.