WS #13145
Iran strikes tankers in Strait of Hormuz and targets US bases in Kuwait/Iraq, pushing Brent above $90 and WTI near $85, with July Brent up ~23%. Reports of a two-week ceasefire and Hamas disarmament proposal (10-15 year hudna) could de-escalate Middle East tensions, potentially easing oil prices.
US-Iran conflict escalation and oil supply shock
Iran strikes tankers in Strait of Hormuz and targets US bases in Kuwait/Iraq, pushing Brent above $90 and WTI near $85, with July Brent up ~23%.
Reports of a two-week ceasefire and Hamas disarmament proposal (10-15 year hudna) could de-escalate Middle East tensions, potentially easing oil prices.