#trumprejectsiranhormuzreopening
💥 Trump rejected Iran’s proposal to reopen the Strait of Hormuz within 7 days.
Iran’s roadmap reportedly called for the release of frozen funds, lifting oil sanctions, and an end to the naval blockade. Tehran says the strait could reopen within a week if those conditions are met.
Trump said, “I reject their proposal.”
The WSJ reportedly expects renewed bombing after the midterms. The Strait of Hormuz is also described as a key route for 20% of global oil.
Oil is at $95, while the source expresses a short-term bullish view on $XOM.US and $CVX.US
#Hormuz #oil #XOM #CVX #energy
💥 Trump rejected Iran’s proposal to reopen the Strait of Hormuz within 7 days.
Iran’s roadmap reportedly called for the release of frozen funds, lifting oil sanctions, and an end to the naval blockade. Tehran says the strait could reopen within a week if those conditions are met.
Trump said, “I reject their proposal.”
The WSJ reportedly expects renewed bombing after the midterms. The Strait of Hormuz is also described as a key route for 20% of global oil.
Oil is at $95, while the source expresses a short-term bullish view on $XOM.US and $CVX.US
#Hormuz #oil #XOM #CVX #energy
