WS #14338
Holding: newest synthesis is 36d 19h old
US strikes Iranian launchers on Larak Island in Strait of Hormuz, first military action in a month; IRGC vows retaliation, escalating Middle East tensions and oil supply risk. US-Venezuela deal to develop 65 billion barrels of oil reserves and refill SPR acts as counter-signal to oil supply concerns, potentially dampening bullish oil thesis.
US-Iran military escalation
US strikes Iranian launchers on Larak Island in Strait of Hormuz, first military action in a month; IRGC vows retaliation, escalating Middle East tensions and oil supply risk.
US-Venezuela deal to develop 65 billion barrels of oil reserves and refill SPR acts as counter-signal to oil supply concerns, potentially dampening bullish oil thesis.