US launches ninth night of Iran strikes as strait of Hormuz standoff sees oil price pass $90 a barrel - The Guardian
US launches ninth night of Iran strikes as strait of Hormuz standoff sees oil price pass $90 a barrel - The Guardian
Source: The Guardian
―
DW NOTE
The ceasefire ended on July 10. Nine nights of strikes means oil passed $90 two weeks after the strait reopened, not during a blockade. The market isn't pricing geopolitical risk — it's pricing the discovered cost of a supply corridor that now closes on political mood rather than physical law.