WS #13185
Holding: newest synthesis is 103d 1h old
Iran declares Strait of Hormuz impassable and strikes US-escorted tankers, escalating conflict and tightening oil supply. Russia's massive missile/drone attack on Kyiv and Ukraine's strikes on Ufa refinery escalate the war, tightening oil supply. Turkey-Iraq pipeline extension bypassing Hormuz and easing crude prices provide a counter to oil supply fears.
US-Iran Conflict Escalation
Iran declares Strait of Hormuz impassable and strikes US-escorted tankers, escalating conflict and tightening oil supply.
Russia's massive missile/drone attack on Kyiv and Ukraine's strikes on Ufa refinery escalate the war, tightening oil supply.
Turkey-Iraq pipeline extension bypassing Hormuz and easing crude prices provide a counter to oil supply fears.