EnergyHighConfirmedAccelerating
10.0
Brent crude drops 5% as US-Iran tensions over Strait of Hormuz de-escalate
Financial Times·US · IR·1 day ago
The ongoing conflict between the U.S. and Iran is depleting U.S. missile inventories and exerting upward pressure on global oil prices. The administration faces narrowing strategic options as the conflict shifts from a projected short-term engagement to a protracted war of attrition.