WS #14291
US-Iran MoU expires with both sides refusing extension; Iran threatens offensive to break blockade, Trump threatens Oman and declares Hormuz US territory; Brent tops $91/bbl, Hormuz crossings near zero. US Energy Secretary plans to push refiners for more production to hold down pump prices, a counter-signal to oil spike; Murban crude jumps 9.26% to $97.70.
US-Iran Hormuz escalation
US-Iran MoU expires with both sides refusing extension; Iran threatens offensive to break blockade, Trump threatens Oman and declares Hormuz US territory; Brent tops $91/bbl, Hormuz crossings near zero.
US Energy Secretary plans to push refiners for more production to hold down pump prices, a counter-signal to oil spike; Murban crude jumps 9.26% to $97.70.