UBS: The good, the bad and the “ugly” scenario for oil and natural gas
Oil remains the most immediate indicator of geopolitical risk – Brent crude oil could range from $80 to $150 across UBS scenarios, while European gas could move between €50 and €80
First message from Mojtaba Khamenei: “We will avenge all the blood that has been spilled, the Strait of Hormuz will remain closed”
Khamenei stressed that friendly relations with neighboring states will be maintained, but attacks on U.S. bases will continue
Three missing after Revolutionary Guards attack ship in the Strait of Hormuz, see photos
Twenty other sailors were rescued – Three attacks within a few hours caused limited material damage – Very few ships are now crossing the strait