WS #16299
Brent crude has climbed above $112 per barrel, driven by confirmed IRGC tanker attacks in the Strait of Hormuz and reports of US-Israeli military strike plans against Iran. This supply disruption is causing a sharp divergence in sector performance: energy stocks are rallying while airlines like Southwest are cutting profit forecasts due to soaring fuel costs. The escalation is actively dragging down global equity indices, with Asian markets posting significant losses.
Middle East Oil Shock
Brent crude has climbed above $112 per barrel, driven by confirmed IRGC tanker attacks in the Strait of Hormuz and reports of US-Israeli military strike plans against Iran. This supply disruption is causing a sharp divergence in sector performance: energy stocks are rallying while airlines like Southwest are cutting profit forecasts due to soaring fuel costs. The escalation is actively dragging down global equity indices, with Asian markets posting significant losses.