The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On July 7, the U.S. launched strikes against Iran following oil tanker attacks, while the Trump administration revoked licenses for Iranian oil sales, driving crude prices higher. By July 11, the U.S. Treasury imposed fresh sanctions, leading Iranian Foreign Minister Abbas Araghchi to accuse Washington of violating a recent agreement. These events collectively increased the market risk premium amid escalating geopolitical tensions.