WS #12462
US launches ninth consecutive night of strikes against Iran after three US service members killed; Iran retaliates by targeting vessels in Strait of Hormuz, causing two oil tankers to explode and effectively halting traffic; Brent crude above $90/bbl, US gasoline tops $4/gallon. Andy Burnham becomes UK prime minister; plans to fast-track North Sea oil and gas exploration but likely to maintain ban on new licenses; Trump calls for opening up North Sea drilling. SMBC Aviation Capital orders 100 737 MAX airplanes (60 737-10 and 40 737-8) at Farnborough Airshow 2026.
US-Iran Conflict Escalation and Oil Supply Disruption
US launches ninth consecutive night of strikes against Iran after three US service members killed; Iran retaliates by targeting vessels in Strait of Hormuz, causing two oil tankers to explode and effectively halting traffic; Brent crude above $90/bbl, US gasoline tops $4/gallon.
Andy Burnham becomes UK prime minister; plans to fast-track North Sea oil and gas exploration but likely to maintain ban on new licenses; Trump calls for opening up North Sea drilling.
SMBC Aviation Capital orders 100 737 MAX airplanes (60 737-10 and 40 737-8) at Farnborough Airshow 2026.