WS #14102
Trump's declaration to make Hormuz a US territory, coupled with drone attacks on tankers and an indefinite naval blockade, is driving oil prices higher and benefiting energy stocks while pressuring airlines and shipping.
Hormuz escalation and oil supply shock
Trump's declaration to make Hormuz a US territory, coupled with drone attacks on tankers and an indefinite naval blockade, is driving oil prices higher and benefiting energy stocks while pressuring airlines and shipping.