WS #12528
US strikes Iran for 10th consecutive night; tanker attacked in Strait of Hormuz; Houthis declare blockade on Saudi Arabia; oil prices rise. Strait of Hormuz traffic plummets; shipowners offer huge bonuses to crews; Brent crude above $89; US gas at $4/gallon. Saudi Aramco makes largest cut to main oil price since at least 2000, signaling demand concerns.
US-Iran conflict escalation
US strikes Iran for 10th consecutive night; tanker attacked in Strait of Hormuz; Houthis declare blockade on Saudi Arabia; oil prices rise.
Strait of Hormuz traffic plummets; shipowners offer huge bonuses to crews; Brent crude above $89; US gas at $4/gallon.
Saudi Aramco makes largest cut to main oil price since at least 2000, signaling demand concerns.