WS #12966
Iran launched ballistic missiles at a US base in Jordan and struck three oil tankers in the Strait of Hormuz, causing WTI crude to surge over 5% to above $83/bbl. Multiple sources corroborate the attacks, with oil prices recovering from a three-day decline. Polymarket markets show traders betting on a US-Iran ceasefire by August 31 and Strait of Hormuz traffic returning to normal, suggesting some expectation of de-escalation despite ongoing hostilities. The US Senate voted 86-12 to advance sweeping sanctions targeting Russia's energy revenues, including tariffs on countries buying Russian oil. The bill is named after the late Senator Lindsey Graham.
US-Iran Military Escalation and Oil Spike
Iran launched ballistic missiles at a US base in Jordan and struck three oil tankers in the Strait of Hormuz, causing WTI crude to surge over 5% to above $83/bbl. Multiple sources corroborate the attacks, with oil prices recovering from a three-day decline.
Polymarket markets show traders betting on a US-Iran ceasefire by August 31 and Strait of Hormuz traffic returning to normal, suggesting some expectation of de-escalation despite ongoing hostilities.
The US Senate voted 86-12 to advance sweeping sanctions targeting Russia's energy revenues, including tariffs on countries buying Russian oil. The bill is named after the late Senator Lindsey Graham.