WS #13025
Multiple sources report explosions in Iran, drone attack on US LNG tanker in Egypt, Saudi airstrikes in Iraq, and Trump threatening strong retaliation, driving oil prices up ~7% and causing a broad market selloff. Brent crude surged 7.9% to $90.74/bbl and WTI rose 6.6% to $84.46/bbl on escalating Middle East conflict and US inventory drawdown. Lockheed Martin won a $59B deal to build more Patriot missiles, corroborated by Bloomberg and multiple sources.
US-Iran Military Escalation
Multiple sources report explosions in Iran, drone attack on US LNG tanker in Egypt, Saudi airstrikes in Iraq, and Trump threatening strong retaliation, driving oil prices up ~7% and causing a broad market selloff.
Brent crude surged 7.9% to $90.74/bbl and WTI rose 6.6% to $84.46/bbl on escalating Middle East conflict and US inventory drawdown.
Lockheed Martin won a $59B deal to build more Patriot missiles, corroborated by Bloomberg and multiple sources.