WS #12617
US and Iran exchange new strikes; IRGC strikes Bahrain, US hits Larak Island; Pentagon seeks $67B more; oil surges above $94 as Hormuz traffic drops 31%. Brent crude jumps 3.75% to $94.42, Hormuz traffic down 31%, European gas prices near Iran war highs, aluminum deficits loom. Trump approves landmark US-Saudi nuclear deal, including uranium enrichment, raising Israeli concerns.
US-Iran Conflict Escalation
US and Iran exchange new strikes; IRGC strikes Bahrain, US hits Larak Island; Pentagon seeks $67B more; oil surges above $94 as Hormuz traffic drops 31%.
Brent crude jumps 3.75% to $94.42, Hormuz traffic down 31%, European gas prices near Iran war highs, aluminum deficits loom.
Trump approves landmark US-Saudi nuclear deal, including uranium enrichment, raising Israeli concerns.