Iran escalates tensions by targeting ship in Hormuz
Iran's Revolutionary Guard targeted a ship in Hormuz, escalating regional tensions. WTI crude oil rose $3.53 to $82.48, while the 3-2-1 crack spread hit a record $70 per barrel, signaling higher fuel prices ahead.
pre-market1 source ↓written by the desknot a recommendation
- with WTI rising
- $3.53
- $82.48
- has reached
- 3-2-1 crack spread
- all-time high
- $70 per barrel
The situation in the Middle East intensifies as Iran's Revolutionary Guard targeted a ship attempting to pass through Hormuz, following an attack on a desalination plant in Kuwait. Oil prices surged, with WTI rising $3.53 to $82.48. The 3-2-1 crack spread has reached an all-time high of $70 per barrel, indicating potential fuel price increases.
Not investment advice. For informational purposes only.