WS #13040
Iran launched ballistic missiles at a US base in Jordan, US airstrike on Qeshm Island killed three, and Iran signaled ability to disrupt global energy routes, driving oil prices sharply higher. Shell reported Q2 adjusted earnings of $9.84B, beating estimates, and announced a $3B share buyback program. Brent crude rose more than $2 to $92.80/bbl, US crude hit $85.39/bbl, driven by escalating US-Iran conflict and Ukraine strike on Russian oil terminal. Ukrainian forces struck Russia's Tamanneftegaz oil export terminal on the Black Sea, causing significant fires at a major crude export hub.
US-Iran Conflict Escalation
Iran launched ballistic missiles at a US base in Jordan, US airstrike on Qeshm Island killed three, and Iran signaled ability to disrupt global energy routes, driving oil prices sharply higher.
Shell reported Q2 adjusted earnings of $9.84B, beating estimates, and announced a $3B share buyback program.
Brent crude rose more than $2 to $92.80/bbl, US crude hit $85.39/bbl, driven by escalating US-Iran conflict and Ukraine strike on Russian oil terminal.
Ukrainian forces struck Russia's Tamanneftegaz oil export terminal on the Black Sea, causing significant fires at a major crude export hub.