WS #14104
Trump's threat to declare the Strait of Hormuz a US territory, coupled with new tanker attacks and a US naval blockade, is driving oil prices higher and energy stocks up while pressuring airlines and consumer discretionary.
Hormuz escalation and oil shock
Trump's threat to declare the Strait of Hormuz a US territory, coupled with new tanker attacks and a US naval blockade, is driving oil prices higher and energy stocks up while pressuring airlines and consumer discretionary.