WS #10608
Iran says it is closing the Strait of Hormuz again as Israel strikes Lebanon, escalating Middle East tensions and supporting oil prices. Ukraine strikes space communications center in Moscow and bridge near Zaporizhzhia, expanding attacks on Russian territory. API crude inventories fell 6.1MM barrels, while gasoline and distillates rose; SPR drops to lowest since 1983. Trump orders DOJ to investigate oil companies for price gouging as gas prices remain high despite falling oil prices.
Geopolitical Escalation: Iran Strait of Hormuz and Israel-Lebanon
Iran says it is closing the Strait of Hormuz again as Israel strikes Lebanon, escalating Middle East tensions and supporting oil prices.
Ukraine strikes space communications center in Moscow and bridge near Zaporizhzhia, expanding attacks on Russian territory.
API crude inventories fell 6.1MM barrels, while gasoline and distillates rose; SPR drops to lowest since 1983.
Trump orders DOJ to investigate oil companies for price gouging as gas prices remain high despite falling oil prices.