WS #13215
US threatens more strikes on Iran; new attacks on LNG carrier in Hormuz and Egypt's coast expand the conflict, raising energy and shipping risks. Iraq and Turkey sign a one-year deal to export 750k bpd via Ceyhan, partially offsetting Hormuz closures. Exxon and Chevron warn refining capacity is critically short, keeping fuel prices high; bullish for refiners.
US-Iran Conflict Escalation
US threatens more strikes on Iran; new attacks on LNG carrier in Hormuz and Egypt's coast expand the conflict, raising energy and shipping risks.
Iraq and Turkey sign a one-year deal to export 750k bpd via Ceyhan, partially offsetting Hormuz closures.
Exxon and Chevron warn refining capacity is critically short, keeping fuel prices high; bullish for refiners.