WS #12676
US forces fired on a merchant vessel breaching the Iranian port blockade and conducted airstrikes on Sirik, Iran; Houthis released a threatening video against Saudi Arabia; unconfirmed reports of Iranian missile strike on Bahrain. Brent crude fell ~4% to ~$97/barrel as reports of Pakistan exploring US-Iran peace talks and continued Red Sea oil flows reduced immediate supply concerns.
US-Iran Military Escalation
US forces fired on a merchant vessel breaching the Iranian port blockade and conducted airstrikes on Sirik, Iran; Houthis released a threatening video against Saudi Arabia; unconfirmed reports of Iranian missile strike on Bahrain.
Brent crude fell ~4% to ~$97/barrel as reports of Pakistan exploring US-Iran peace talks and continued Red Sea oil flows reduced immediate supply concerns.