Branch² Intelligence
Brent breaks past $90 as U.S.-Iran conflict rages on
Key takeaway
US-Iran conflict escalates with strikes targeting Iranian military capabilities near the Strait of Hormuz.
- Step 1US military strikes on Iranian forces near the Strait of Hormuz raise fears of supply disruption.
- Step 2Oil prices spike 3-5% as traders price in a risk premium for potential chokepoint closure.
- Step 3US SMEs face higher fuel and feedstock costs, compressing margins and reducing discretionary spending.
Source: CNBC
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