WS #13037
US launched heavy airstrikes on Iranian military targets after Iran missile attack on US forces in Jordan; oil prices surged ~8%, Strait of Hormuz traffic remains subdued. US crude inventories fell 7.2M barrels, SPR at 43-year low (307.7M barrels), IEA reserve drawdown nearly exhausted; Brent up ~8% to $90.75.
US-Iran Conflict Escalation
US launched heavy airstrikes on Iranian military targets after Iran missile attack on US forces in Jordan; oil prices surged ~8%, Strait of Hormuz traffic remains subdued.
US crude inventories fell 7.2M barrels, SPR at 43-year low (307.7M barrels), IEA reserve drawdown nearly exhausted; Brent up ~8% to $90.75.