Oil climbs as U.S.-Iran clashes threaten Hormuz flow
TL;DR Summary
Oil prices rose as U.S.-Iran hostilities intensified: Iran claimed attacks on U.S. targets across the Gulf, Kuwait reported damage to a desalination plant, and a tanker was damaged off Oman, sending Brent near $86.7 and WTI around $81.5. The renewed risk to the Strait of Hormuz threatens major oil flows, and with a fragile truce collapsed, analysts see a limited diplomatic path ahead.
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- Iranian strike damages a Kuwait desalination plant, exposing water vulnerability in dry Mideast AP News
- Iran Attacks Kuwait Water and Power Plants as Hostilities Worsen Bloomberg.com
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