WS #14347
US strikes on Iranian launchers in the Strait of Hormuz and Iran's retaliatory missile attacks on US bases in Jordan and UAE alerts mark a major escalation, driving oil prices up and risk-off sentiment. Brent crude surged past $90 and WTI above $85 following the US-Iran escalation, with multiple sources confirming the price jump. Trump announces a 25-year deal for US control of Venezuelan oil fields, aiming to boost production, but infrastructure constraints limit near-term impact.
US-Iran military escalation
US strikes on Iranian launchers in the Strait of Hormuz and Iran's retaliatory missile attacks on US bases in Jordan and UAE alerts mark a major escalation, driving oil prices up and risk-off sentiment.
Brent crude surged past $90 and WTI above $85 following the US-Iran escalation, with multiple sources confirming the price jump.
Trump announces a 25-year deal for US control of Venezuelan oil fields, aiming to boost production, but infrastructure constraints limit near-term impact.