US and Iran exchange direct military strikes on oil tankers in Strait of Hormuz, disrupting shipping and pushing oil prices to 7-week highs

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US and Iran exchange direct military strikes on oil tankers in Strait of Hormuz, disrupting shipping and pushing oil prices to 7-week highs

⚡ Markets: Significant escalation raises risk premium for oil and LNG, threatening a major global chokepoint. Bullish for crude oil, shipping insurance rates, and defense stocks; bearish for global equities due to inflation and growth fears.BrentWTILNGshipping stocks

The US military struck three Iranian oil tankers, prompting Iranian retaliatory strikes on vessels in the Strait of Hormuz. Iran has threatened to create a new 'exclusion zone' near the strait, severely disrupting shipping traffic and causing Brent crude prices to surge above $97 per barrel.

West MSM 5Financial press 11Regional 24Non-West State 16Google West 6Google Non-West 11Non-West Ind. 6West Right 423 countries

83 sources across the spectrum

Financial pressMarketWatch — Oil prices hit near seven-week highs, before edging lower, as Iran plans to increase control of Hormuz

Financial pressWall Street Journal — Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply Risks

Financial pressWall Street Journal — Brent Tops $97 as U.S.-Iran Exchange Attacks

RegionalAnadolu Agency — Oil prices soar amid re-escalating US-Iran tensions

Non-West StateTASS — Oil prices could reach $120 amid escalation in Middle East waters — Bloomberg

Financial pressOilPrice — Goldman Sachs Warns Oil Could Hit $120 as Shipping Risks Rise

Google WestGoogle News (US) — Goldman Sachs Warns Oil Could Hit $120 as Shipping Risks Rise

Google Non-WestGoogle News (Russia) — Goldman Sachs предупреждает о риске взлета цен на нефть до 120 долларов за баррель

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