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US Strikes Iran and Revokes Oil Licenses, Raising Market Risk Premium

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.

18 articles3 stories

Developing·about 1 month ago

Geopolitics

US Intelligence Warns of Iranian Threat to Strait of Hormuz as Tankers Bypass Blockade

US intelligence has warned that Iran possesses the capability to close the Strait of Hormuz at will, even as reports emerge of three Iranian tankers successfully bypassing a US blockade. Meanwhile, the Pentagon reportedly informed lawmakers that it requires $80 billion to fund a potential war with Iran and other related expenses. These events highlight increasing geopolitical friction and security concerns in the region.

377 articles48 stories

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