WS #13200
Iran's armed forces on highest readiness, US warns of significant escalation, and a Qatari LNG tanker struck in Strait of Hormuz, reinforcing energy bullish and shipping/airline bearish. Oil prices fell ~9% last week despite tensions, and Japan's PM says no need to release stockpiles, dampening the bullish energy thesis. Michigan Supreme Court overturns Enbridge's Line 5 tunnel permit, bearish for Enbridge and bullish for alternative energy.
US-Iran conflict escalation
Iran's armed forces on highest readiness, US warns of significant escalation, and a Qatari LNG tanker struck in Strait of Hormuz, reinforcing energy bullish and shipping/airline bearish.
Oil prices fell ~9% last week despite tensions, and Japan's PM says no need to release stockpiles, dampening the bullish energy thesis.
Michigan Supreme Court overturns Enbridge's Line 5 tunnel permit, bearish for Enbridge and bullish for alternative energy.