WS #12478
Iran launched heavy missile strikes on Bahrain, airstrike confirmed on Shiraz, IRGC struck a Greek tanker in Hormuz, and Iran says over 33% of natural gas production capacity destroyed. US launched ninth night of strikes. Market pricing ceasefire chatter. Drone strike halts CPC Black Sea oil exports; US gas tops $4/gallon; refiners (MPC, PSX, VLO) cashing in on record crack spreads near $70/barrel.
US-Iran Conflict Escalation
Iran launched heavy missile strikes on Bahrain, airstrike confirmed on Shiraz, IRGC struck a Greek tanker in Hormuz, and Iran says over 33% of natural gas production capacity destroyed. US launched ninth night of strikes. Market pricing ceasefire chatter.
Drone strike halts CPC Black Sea oil exports; US gas tops $4/gallon; refiners (MPC, PSX, VLO) cashing in on record crack spreads near $70/barrel.