WS #13147
Holding: newest synthesis is 104d 1h old
Iran stopping tankers in Hormuz pushed Brent toward $88 (+1.2%) and WTI to ~$85, with Brent up 23% in July, feeding inflation and rate-hike fears. Trump claims Iran 'surrendered' but also loses confidence in negotiators; Saudi prepares Yemen ground op; Israel bombs Rafah despite Hamas disarmament deal; UN warns of wider war.
Oil price spike and Hormuz escalation
Iran stopping tankers in Hormuz pushed Brent toward $88 (+1.2%) and WTI to ~$85, with Brent up 23% in July, feeding inflation and rate-hike fears.
Trump claims Iran 'surrendered' but also loses confidence in negotiators; Saudi prepares Yemen ground op; Israel bombs Rafah despite Hamas disarmament deal; UN warns of wider war.