Iran Hormuz Attack Spree Starts Choking Oil Flows (Again), UBS Warns

A surge in Iranian drone attacks on commercial ships appears to be weighing on Middle Eastern energy exports through the Strait of Hormuz, with 24 attacks reported so far this month. The latest reports indicate that two Emirati container ships were struck and sank in the narrow waterway within the past 24 hours. UBS energy expert Henri Patricot told clients on Wednseday morning that crude and petr