WS #12615
US conducts 11th consecutive night of airstrikes on Iran; Iran retaliates with strikes on Jordanian airbases and US bases in Kuwait; Strait of Hormuz and Bab al-Mandeb remain closed; oil prices surge above $95/bbl. Brent crude rises above $95/bbl, WTI above $88, driven by Middle East tensions and supply disruption fears; oil stocks rally, airlines and shipping face headwinds.
US-Iran Conflict Escalation
US conducts 11th consecutive night of airstrikes on Iran; Iran retaliates with strikes on Jordanian airbases and US bases in Kuwait; Strait of Hormuz and Bab al-Mandeb remain closed; oil prices surge above $95/bbl.
Brent crude rises above $95/bbl, WTI above $88, driven by Middle East tensions and supply disruption fears; oil stocks rally, airlines and shipping face headwinds.