WS #14346
US strikes on Iranian launchers and Iranian missile attacks on US forces in Jordan mark a sharp escalation, driving oil prices up and risk assets down. Brent crude rises over 2% above $90/barrel, with WTI also up, as Hormuz disruption fears intensify. US-Venezuela energy deal announced, with plans to refill strategic reserves, but infrastructure constraints limit near-term supply impact.
US-Iran military escalation
US strikes on Iranian launchers and Iranian missile attacks on US forces in Jordan mark a sharp escalation, driving oil prices up and risk assets down.
Brent crude rises over 2% above $90/barrel, with WTI also up, as Hormuz disruption fears intensify.
US-Venezuela energy deal announced, with plans to refill strategic reserves, but infrastructure constraints limit near-term supply impact.