WS #13171
Iran attacked two US-escorted tankers in the Strait of Hormuz and listed Gulf oil infrastructure as targets, driving oil prices up ~1% with Brent near $88 and a ~24% monthly gain, while analysts warn of significant crude tightening in 2-3 months. Russia launched a massive ballistic missile strike on Kyiv, with a missile landing in Poland, prompting a diplomatic response, while Trump signaled reluctance to license Patriot missile production to Ukraine.
US-Iran Conflict Escalation and Oil Supply Disruption
Iran attacked two US-escorted tankers in the Strait of Hormuz and listed Gulf oil infrastructure as targets, driving oil prices up ~1% with Brent near $88 and a ~24% monthly gain, while analysts warn of significant crude tightening in 2-3 months.
Russia launched a massive ballistic missile strike on Kyiv, with a missile landing in Poland, prompting a diplomatic response, while Trump signaled reluctance to license Patriot missile production to Ukraine.