Confirmed Major Attack

Satellite imagery, AIS gaps, and insurer notices confirm that two VLCC-class tankers were hit and at least part of the 4 million-barrel cargo is burning or spilling. The United States, United Kingdom, and Gulf partners treat the incident as a major escalation but initially try to keep the response focused on restoring navigation.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.