WS #14357
Holding: newest synthesis is 35d 17h old
US strikes on Iranian launchers at Larak Island and Iran's missile/drone retaliation on US bases in Jordan and UAE mark a sharp re-escalation, driving oil prices above $90 and heightening Hormuz supply risk. Brent rises above $90 on Hormuz fears, while Trump's Venezuela oil deal to refill SPR provides a partial counter-signal but is early-stage.
US-Iran military escalation
US strikes on Iranian launchers at Larak Island and Iran's missile/drone retaliation on US bases in Jordan and UAE mark a sharp re-escalation, driving oil prices above $90 and heightening Hormuz supply risk.
Brent rises above $90 on Hormuz fears, while Trump's Venezuela oil deal to refill SPR provides a partial counter-signal but is early-stage.