Low impact
US strikes hit Iranian radar and mine-laying sites near the Strait of Hormuz, and Iran retaliated with drone and missile strikes on US bases, pushing oil prices higher; separately, Iran has shipped little crude via Hormuz for about seven weeks due to a US naval blockade, and the RBNZ raised its cash rate 25bps to 2.75%.
ZeroHedge09/02, 07:08 PM
- seven weeks
- 25 basis points
- 2.75%
- $25 billion
Figures as quoted by ZeroHedge
Related assets
Coming up for WTI
Explore next
FinancialJuice09/02, 07:55 PM
US strikes on Iran have hit telecoms and communication infrastructure.