Crude Jumps as Ceasefire Collapses After Iran Missile Strikes

The ceasefire didn't survive the week. Iran fired ballistic missiles at US forces overnight, and the US and Saudi Arabia hit back against Iran-backed militias in Iraq who'd already been drone-striking Saudi oil infrastructure. Crude is waking up to the news, and traders who got comfortable with "de-escalation" are getting a reminder that this truce was never as solid as the headlines made it sound.Oil production with Iran flag by EVER STOCK via Shutterstock