WS #13101
Brent crude rose 6.6% to $89.61 and WTI 6.6% to $84.46 on Strait of Hormuz blockade risks and SPR at 311m bbl, with Polymarket contracts heavily betting on oil hitting $90. Iran's IRGC claimed a ballistic missile strike on Jordan's Al Azraq Air Base destroying three US F-35s, and the US and Iran traded missile barrages, with the Senate rejecting a war powers resolution. Trump announced a deal for Hamas to disarm in Gaza, but many hurdles remain, with Hamas later saying it will not disarm until Israeli forces withdraw.
Oil Price Surge on Hormuz Risk
Brent crude rose 6.6% to $89.61 and WTI 6.6% to $84.46 on Strait of Hormuz blockade risks and SPR at 311m bbl, with Polymarket contracts heavily betting on oil hitting $90.
Iran's IRGC claimed a ballistic missile strike on Jordan's Al Azraq Air Base destroying three US F-35s, and the US and Iran traded missile barrages, with the Senate rejecting a war powers resolution.
Trump announced a deal for Hamas to disarm in Gaza, but many hurdles remain, with Hamas later saying it will not disarm until Israeli forces withdraw.