DATA & FIGURES
The US has launched 10 consecutive nights of attacks against Iran. Two oil tankers have exploded in the Strait of Hormuz, according to Iranian state media. The US has vowed to punish Iran for the deaths of three US soldiers killed recently - two in Jordan and one in Iraq.
THE SCENARIO
The conflict between the US and Iran is escalating rapidly, with significant implications for global oil markets and regional stability. The Strait of Hormuz is a critical waterway for oil shipments, and any disruption to traffic in the region could have major consequences for the global economy. The US and Iran have been exchanging diplomatic messages through intermediaries, despite the collapse of a ceasefire.
DIRECT QUOTE
"Iran had been hit 'very hard' the previous night 'in honour' of three US soldiers killed recently" — US President Donald Trump
BBN INSIGHT
The conflict between the US and Iran has significant implications for global oil markets and regional stability. The Positive Side is that the US is taking steps to protect its interests and those of its allies in the region. However, the Negative Side is that the conflict could escalate into a full-scale war, with devastating consequences for the region and the global economy. The conflict also has significant implications for crypto markets, as investors seek safe-haven assets in times of uncertainty.
MARKET REACTION
The price of oil has surged in response to the conflict, with Brent crude rising by $2 to $70 per barrel. The price of Bitcoin has also risen, as investors seek safe-haven assets in times of uncertainty.