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The US-Iran conflict may become protracted, with Brent crude oil surpassing $102 due to escalating shipping risks in the Strait of Hormuz and the Red Sea.
Iran is committed to continuing the fight and has rebuilt its missile capabilities, according to Bloomberg. Meanwhile, the Wall Street Journal reported that senior White House advisors have warned Donald Trump that the war could last until 2029. Frequent attacks near the Strait of Hormuz, coupled with Houthi advancements near critical shipping lanes in the Red Sea, have exacerbated energy supply risks.
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Next: U.S. equity futures were little changed in early Thursday trading, as investors focused on PPI data and Oracle's AI earnings report. Oil prices continued to rise due to signals of war in Iran, exacerbating inflation concerns.
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