WS #13066
Brent crude drops 3.99% to $87.12, countering prior supply disruption narrative; Caspian Pipeline Consortium resumes operations after drone attack; US-Iran missile barrages continue, but oil prices fall on demand concerns. US and Iran trade missile barrages; Russian missile enters Polish airspace, NATO scrambles jets; Egypt suffers first drone attack; Strait of Hormuz tensions persist.
Oil price collapse and energy market reversal
Brent crude drops 3.99% to $87.12, countering prior supply disruption narrative; Caspian Pipeline Consortium resumes operations after drone attack; US-Iran missile barrages continue, but oil prices fall on demand concerns.
US and Iran trade missile barrages; Russian missile enters Polish airspace, NATO scrambles jets; Egypt suffers first drone attack; Strait of Hormuz tensions persist.