WS #14355
Holding: newest synthesis is 35d 21h old
US strikes on Iranian launchers at Larak Island and Iran's missile retaliation on US bases in Jordan and ships in the Strait of Hormuz push Brent above $90/barrel, heightening supply disruption risk. US claims control of 65 billion barrels of Venezuelan oil reserves to refill the SPR, a potential long-term supply boost but unable to offset immediate Hormuz risks.
US-Iran military escalation and oil price surge
US strikes on Iranian launchers at Larak Island and Iran's missile retaliation on US bases in Jordan and ships in the Strait of Hormuz push Brent above $90/barrel, heightening supply disruption risk.
US claims control of 65 billion barrels of Venezuelan oil reserves to refill the SPR, a potential long-term supply boost but unable to offset immediate Hormuz risks.