Middle East tensions surged as Iran launched missiles towards Kuwait and Bahrain, prompting US retaliatory strikes. Despite ongoing peace talks, no breakthrough has occurred, and the Strait of Hormuz remains disrupted for 96 days. Meanwhile, US crude inventories saw a significant drop for the seventh consecutive week, adding to market volatility. Middle East tensions surged as Iran launched missiles towards Kuwait and Bahrain, prompting US retaliatory strikes. Despite ongoing peace talks, no breakthrough has occurred, and the Strait of Hormuz remains disrupted for 96 days. Meanwhile, US crude inventories saw a significant drop for the seventh consecutive week, adding to market volatility.
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Month four of Hormuz blockade: Oil prices jump after Iran attacks Kuwait, Bahrain
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