WS #14345
US strikes on Iranian launchers and Iran's missile retaliation on US forces in Jordan mark a significant escalation, driving oil prices above $90. Brent crude rises over 2% to above $90/barrel, with European gas prices at six-month highs, reflecting supply disruption risk from the Hormuz crisis. US-Venezuela oil deal announced, potentially adding supply long-term but requiring years of investment, a counter to the oil spike.
US-Iran military escalation
US strikes on Iranian launchers and Iran's missile retaliation on US forces in Jordan mark a significant escalation, driving oil prices above $90.
Brent crude rises over 2% to above $90/barrel, with European gas prices at six-month highs, reflecting supply disruption risk from the Hormuz crisis.
US-Venezuela oil deal announced, potentially adding supply long-term but requiring years of investment, a counter to the oil spike.