WTI and Brent Surge Following False Reports of US Warship Attack in Hormuz

The prices of the two most relevant oil benchmark futures shot up after reports indicated that a U.S. warship was recently struck by the IRGC, reigniting the hostilities in the Strait of Hormuz. Nonetheless, U.S. officials have denied these reports. Key Takeaways: CENTCOM denied reports of 2 IRGC missiles striking a U.S. ship during Trump’s […]