WS #13202
Iran attacks on tankers and US bases, US threats of more strikes, and State Department advisory to leave Middle East escalate geopolitical risk, supporting oil prices. Turkiye and Iraq sign one-year Kirkuk-Ceyhan pipeline deal to keep 750,000 bpd flowing, partially offsetting supply disruption fears from Hormuz.
US-Iran conflict escalation
Iran attacks on tankers and US bases, US threats of more strikes, and State Department advisory to leave Middle East escalate geopolitical risk, supporting oil prices.
Turkiye and Iraq sign one-year Kirkuk-Ceyhan pipeline deal to keep 750,000 bpd flowing, partially offsetting supply disruption fears from Hormuz.