WS #12962
Iran launched a ballistic missile attack on US forces, intercepted by CENTCOM; oil prices jumped 5% on renewed supply disruption fears. US Senate advanced sweeping Russia sanctions bill, targeting Russian oil and gas exports. OPEC+ is expected to pause output hikes at its August 2 meeting, supporting oil prices amid supply disruption.
US-Iran Military Escalation
Iran launched a ballistic missile attack on US forces, intercepted by CENTCOM; oil prices jumped 5% on renewed supply disruption fears.
US Senate advanced sweeping Russia sanctions bill, targeting Russian oil and gas exports.
OPEC+ is expected to pause output hikes at its August 2 meeting, supporting oil prices amid supply disruption.