WS #10839
Active hostilities resume between US and Iran after a tanker is struck in the Strait of Hormuz, with both sides trading strikes and accusing each other of ceasefire violations, driving oil prices up 5%. Norway oil service lockout takes effect, disrupting offshore drilling and adding supply-side pressure to European oil markets.
Iran-US Conflict Escalation
Active hostilities resume between US and Iran after a tanker is struck in the Strait of Hormuz, with both sides trading strikes and accusing each other of ceasefire violations, driving oil prices up 5%.
Norway oil service lockout takes effect, disrupting offshore drilling and adding supply-side pressure to European oil markets.