Positive for oil and negative for gold
🔴 Iran refuses to reopen the Strait of Hormuz and escalates its stance with Washington
🌐 Iran said that the Strait of Hormuz will remain closed until the United States meets 7 conditions set out under the Islamabad agreement in June.
🔔 Tehran also confirmed that its immediate focus is on restoring security in the strait, not nuclear talks.
📰 It also denied reports claiming it offered to allow inspections of its facilities in exchange for sanctions relief.
❌ The main dispute is still over the sequence of concessions between Washington and Tehran.
Continuing the closure of the Strait of Hormuz threatens global oil supply lines and raises geopolitical risks, supporting a rise in oil prices while putting negative pressure on gold
#UKOIL #XAUUSD #BTC #Binance #BinanceSquareTalks
🔴 Iran refuses to reopen the Strait of Hormuz and escalates its stance with Washington
🌐 Iran said that the Strait of Hormuz will remain closed until the United States meets 7 conditions set out under the Islamabad agreement in June.
🔔 Tehran also confirmed that its immediate focus is on restoring security in the strait, not nuclear talks.
📰 It also denied reports claiming it offered to allow inspections of its facilities in exchange for sanctions relief.
❌ The main dispute is still over the sequence of concessions between Washington and Tehran.
Continuing the closure of the Strait of Hormuz threatens global oil supply lines and raises geopolitical risks, supporting a rise in oil prices while putting negative pressure on gold
#UKOIL #XAUUSD #BTC #Binance #BinanceSquareTalks