WS #13569
Iran's parliamentary bill to bar US/Israeli ships from Hormuz and Houthi attacks in the Red Sea drove oil up ~3%, reversing de-escalation hopes and pressuring equities. SpaceX shares rose 6% despite 900M shares unlocking, as dip-buyers stepped in after a 14% drop, but further lockups loom over the next year.
Strait of Hormuz escalation and oil price surge
Iran's parliamentary bill to bar US/Israeli ships from Hormuz and Houthi attacks in the Red Sea drove oil up ~3%, reversing de-escalation hopes and pressuring equities.
SpaceX shares rose 6% despite 900M shares unlocking, as dip-buyers stepped in after a 14% drop, but further lockups loom over the next year.