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98CONFLICT

US destroys 5 Iranian oil tankers in Strait of Hormuz; Iran retaliates with missile strikes on US base in Jordan

⚡ Markets: Direct threat to oil supply through the Strait of Hormuz. Bullish for crude oil prices and energy sector stocks. Increased geopolitical risk premium across markets, weighing on equities and favoring safe-haven assets.BrentWTIXLEUSD

The US military struck five Iranian oil tankers in response to missile attacks on a US warship. Iran's IRGC retaliated by launching a barrage of ballistic missiles at a US airbase in Jordan and claimed attacks on other vessels, escalating the conflict and pushing oil prices toward $100/barrel.

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