Another round of hostilities between the US and Iran moves crude benchmarks higher; JPY continues to strengthen - Newsquawk EU Market Open

US forces struck multiple Iranian tankers tied to the IRGC in response to more attempted missile attacks on a US Navy warship; Iran launched missiles at targets in response to US strikes on tankers, while it launched at least 20 missiles at bases in Jordan. IRGC had warned that oil tanker crews in Kuwaiti and Bahraini ports would be targeted in light of the US Army targeting several Iranian oil tankers. Crude futures extended recent gains, with upside facilitated after the US and Iran exchanged another round of retaliatory s

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