Allies of the US President are concerned that Iranian attacks on oil tankers within the Strait of Hormuz are boxing in the US, Politico reports
Newsquawk Staff ·
Allies of the US President are concerned that Iranian attacks on oil tankers within the Strait of Hormuz are boxing in the US, Politico reports.
What it means
The report highlights rising concerns among US allies regarding Iranian attacks on oil tankers, suggesting an escalation in geopolitical tensions that could further strain US influence in the region. Such developments typically lead to increased volatility in oil prices, particularly affecting WTI, and could drive shifts in risk sentiment, as markets assess the potential for supply disruptions or broader conflict.
Sources
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
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- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
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