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US Strikes Three Iranian Tankers in Retaliation for IRGC Attacks

Source: Bloomberg

Geopolitics & WarEnergy Markets & PricesSanctions & Export Controls

The US military launched strikes against three Iranian crude oil tankers in retaliation for Iranian ballistic-missile attacks on two US Navy warships. The escalation raises near-term risk around Iranian oil shipping and supply disruptions. This is likely to be sector-relevant for energy prices and adds geopolitical risk premium for crude.

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