WS #13027
Iran rejected Oman's dual shipping corridor proposal, explosions reported in Iranian cities, and Russia launched ballistic missiles at Kyiv, escalating geopolitical tensions and oil supply risks. Brent crude surged ~7% to $90.55, WTI to $84.46, as US-Iran conflict and Strait of Hormuz disruptions threaten global oil supply; US strategic reserves at 1983 lows. Lockheed Martin awarded $58.6B Patriot missile deal, the largest-ever; defense stocks benefit from escalating Middle East conflict.
US-Iran Conflict Escalation
Iran rejected Oman's dual shipping corridor proposal, explosions reported in Iranian cities, and Russia launched ballistic missiles at Kyiv, escalating geopolitical tensions and oil supply risks.
Brent crude surged ~7% to $90.55, WTI to $84.46, as US-Iran conflict and Strait of Hormuz disruptions threaten global oil supply; US strategic reserves at 1983 lows.
Lockheed Martin awarded $58.6B Patriot missile deal, the largest-ever; defense stocks benefit from escalating Middle East conflict.