WS #14341
US strikes Iranian launchers on Larak Island, first military action in weeks, breaking a lull in the six-month war; Iran vows retaliation and launches missiles toward Jordan. Oil prices remain elevated with WTI near $83-84, Polymarket shows active trading on $90 and $100 strikes, and US gasoline prices at record seasonal highs; Trump to meet refiners to address fuel prices. US secures access to 65 billion barrels of Venezuelan oil reserves in a 25-year deal, potentially adding significant supply over the medium term, countering the oil price spike.
US strikes Iran - Escalation in Hormuz
US strikes Iranian launchers on Larak Island, first military action in weeks, breaking a lull in the six-month war; Iran vows retaliation and launches missiles toward Jordan.
Oil prices remain elevated with WTI near $83-84, Polymarket shows active trading on $90 and $100 strikes, and US gasoline prices at record seasonal highs; Trump to meet refiners to address fuel prices.
US secures access to 65 billion barrels of Venezuelan oil reserves in a 25-year deal, potentially adding significant supply over the medium term, countering the oil price spike.