WS #13158
Holding: newest synthesis is 103d 21h old
US and Israel preparing to bombard energy targets in Iran as soon as this weekend, with Iran stopping tankers in Hormuz, pushing oil prices up ~2.7% and Brent above $88. Exxon and Chevron reported blowout profits (XOM $14.5B, CVX $12.1B) on war-driven crude prices, with executives warning high gasoline prices will persist.
US-Iran conflict escalation
US and Israel preparing to bombard energy targets in Iran as soon as this weekend, with Iran stopping tankers in Hormuz, pushing oil prices up ~2.7% and Brent above $88.
Exxon and Chevron reported blowout profits (XOM $14.5B, CVX $12.1B) on war-driven crude prices, with executives warning high gasoline prices will persist.