WS #13158
US and Israel preparing to bombard energy targets in Iran as soon as this weekend, with Iran stopping tankers in Hormuz, pushing oil prices up ~2.7% and Brent above $88. Exxon and Chevron reported blowout profits (XOM $14.5B, CVX $12.1B) on war-driven crude prices, with executives warning high gasoline prices will persist.
US-Iran conflict escalation
US and Israel preparing to bombard energy targets in Iran as soon as this weekend, with Iran stopping tankers in Hormuz, pushing oil prices up ~2.7% and Brent above $88.
Exxon and Chevron reported blowout profits (XOM $14.5B, CVX $12.1B) on war-driven crude prices, with executives warning high gasoline prices will persist.