WS #12551
Oil surged above $90/barrel as Houthi blockade diverts shipping from Saudi ports, Kuwait protests Iranian tanker attack, and US identifies third soldier killed in Iraq; Treasury yields hit two-month highs on inflation fears. Multiple analysts raised price targets on refiners (MPC, PSX, VLO, PARR, DK, DINO) and E&P (EOG, DVN, COP) amid tight supply from Iran conflict.
US-Iran Conflict Escalation & Oil Supply Shock
Oil surged above $90/barrel as Houthi blockade diverts shipping from Saudi ports, Kuwait protests Iranian tanker attack, and US identifies third soldier killed in Iraq; Treasury yields hit two-month highs on inflation fears.
Multiple analysts raised price targets on refiners (MPC, PSX, VLO, PARR, DK, DINO) and E&P (EOG, DVN, COP) amid tight supply from Iran conflict.