WS #12820
Oil prices fall ~6% as US and Iran pause strikes, but Iran denies ceasefire and Saudi intercepts drones from Iraq, keeping geopolitical risk elevated. Rocket Lab awarded record $266M U.S. Space Force contract for 12 suborbital launches through 2028, boosting defense space exposure. Saudi air defenses intercept drones from Iraq targeting oil facilities, escalating regional tensions despite US-Iran pause.
US-Iran Conflict Pause and Oil Price Drop
Oil prices fall ~6% as US and Iran pause strikes, but Iran denies ceasefire and Saudi intercepts drones from Iraq, keeping geopolitical risk elevated.
Rocket Lab awarded record $266M U.S. Space Force contract for 12 suborbital launches through 2028, boosting defense space exposure.
Saudi air defenses intercept drones from Iraq targeting oil facilities, escalating regional tensions despite US-Iran pause.