Supply chain disruption
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U.S. military carries out second day of strikes on Iran, U.S. Central Command says
NBC News· 2026-07-08 22:20
And it appears that right now the military strikes, they are ongoing and they're targeting the same sorts of locations and assets that the US military targeted in the strikes last night. So what we saw last night was, as you mentioned, more than 80 different targets hit and they went after things like coastal surve surveillance sites, anti-ship cruise missile launchers, uh facilities where they were launching drones or storing drones very critically. They struck about 60 Iranian fast boats.So those are thos ...
Oil prices rise after Trump threatens to bomb Iran and reimpose naval blockade
CNBC Television· 2026-07-08 16:55
So the narrative in oil had turned notably bearish with traders pricing in an overs supplied market. But this latest escalation changing the calculus on when flows through the straight can return to normal. In theory, every renewed attack on commercial shipping further erodess confidence in the straits reopening notes Kepler making each future recovery more fragile than the last.WTI up 7% here in European natural gas prices up 8% this week getting back towards that 50 per megawatt hour level after a Qatari ...