Tensions between Iran and the US have escalated, with Iranian missiles targeting a US base in Saudi Arabia. This has disrupted the Strait of Hormuz, pushing Brent oil up 5% to $85.58, and WTI reaching $90 in July is now at 39.5% probability. Saudi Arabia has declared the danger in Al-Kharj and Yanbu has passed, but military action against a Gulf state by July 9 remains at 99.9% probability.

BZ3.55%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned