WS #10337
Trump threatens to destroy Iran and impose 20% tax on oil through Strait of Hormuz; Iran says no new permits for ships; but US-Iran face-to-face talks begin in Switzerland as a counter-signal. Iraq plans to gradually restore crude output to 4.2-4.3 million bpd, a bearish supply-side signal for oil.
US-Iran Strait of Hormuz confrontation
Trump threatens to destroy Iran and impose 20% tax on oil through Strait of Hormuz; Iran says no new permits for ships; but US-Iran face-to-face talks begin in Switzerland as a counter-signal.
Iraq plans to gradually restore crude output to 4.2-4.3 million bpd, a bearish supply-side signal for oil.