US and Iran exchange direct military strikes, escalating conflict and roiling global markets

95CONFLICT

US and Iran exchange direct military strikes, escalating conflict and roiling global markets

⚡ Markets: Direct military conflict in the Strait of Hormuz creates significant supply risk for oil and LNG, driving energy prices higher and stoking inflation fears. This is bearish for risk assets (equities) and government bonds.BrentWTIEU natgasUSD

The US military conducted new airstrikes on Iranian targets near the Strait of Hormuz, citing attacks on commercial shipping. Iran's IRGC retaliated with missile and drone attacks on US bases in Jordan, Bahrain, Kuwait, and Iraq. The direct exchange of fire marks a significant escalation after a period of relative calm.

West MSM 12Financial press 11Regional 39West Right 8Google West 8Google Non-West 18Non-West State 17Non-West Ind. 14West Left 433 countries

131 sources across the spectrum

Financial pressMarketWatch — Global oil prices surge to a 6-week high after the U.S. strikes Iran in Hormuz

RegionalClarín — La guerra contra Irán: el petróleo se dispara y el gas europeo alcanza su nivel más alto desde 2023

West RightBreitbart — Two Oil Tankers Simultaneously Attacked in Strait of Hormuz

Financial pressOilPrice — Oil Prices Rally as U.S. Targets Iranian Tankers in New Escalation

Google WestGoogle News (UK) — Oil Prices Rally as U.S. Targets Iranian Tankers in New Escalation

Google Non-WestGoogle News (Nigeria) — Oil jumps above $94 as US-Iran conflict intensifies

West MSMReuters — Oil prices extend gains as US and Iran trade fresh strikes

Financial pressBloomberg — Oil Extends Gain as Fresh US-Iran Attacks Cloud Hormuz Reopening

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