WS #13207
US and Israel planning major strikes on Iran's energy infrastructure as early as this weekend, with Iran threatening to close Hormuz and other chokepoints, escalating geopolitical risk and oil prices. Greek-owned LNG tanker Gaslog Shanghai hit by missiles in Strait of Hormuz, and IRGC claims to have stopped two oil tankers, heightening supply disruption fears and supporting oil prices. Iraq-Turkey 1-year oil pipeline deal to boost exports and Houthi statement of no fees on Red Sea transits partially offset Hormuz closure risks, dampening extreme oil price spikes.
US-Iran military escalation
US and Israel planning major strikes on Iran's energy infrastructure as early as this weekend, with Iran threatening to close Hormuz and other chokepoints, escalating geopolitical risk and oil prices.
Greek-owned LNG tanker Gaslog Shanghai hit by missiles in Strait of Hormuz, and IRGC claims to have stopped two oil tankers, heightening supply disruption fears and supporting oil prices.
Iraq-Turkey 1-year oil pipeline deal to boost exports and Houthi statement of no fees on Red Sea transits partially offset Hormuz closure risks, dampening extreme oil price spikes.