Middle East Conflict Escalates: Iran Closes Strait of Hormuz as Oil Spikes and US Bases Face Attacks

Key TakeawaysIran's IRGC has declared the Strait of Hormuz closed, threatening to target any vessel attempting passage, which sent Brent Crude prices surging 6.68% to $77.74 per barrel.Geopolitical instability has triggered evacuations and attacks, with the U.S. State Department removing personnel from Jordan and Iraqi groups claiming strikes on U.S. bases in Kuwait.Eli Lilly (LLY) confirmed its weight-loss pill Orforglipron is on track for a Q2 U.S. market launch following an expected FDA approval in April ...