Oil rose ~2% as President Trump reimposed a naval blockade on all Iranian ports and Iran’s IRGC warned it could close additional export corridors supporting U.S. and allied flows. The escalation raises near-term supply risk and supports higher crude prices despite no specific production volume figures cited.
Oil rose ~2% as President Trump reimposed a naval blockade on all Iranian ports and Iran’s IRGC warned it could close additional export corridors supporting U.S. and allied flows. The escalation raises near-term supply risk and supports higher crude prices despite no specific production volume figures cited.
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mildly negative
Sentiment Score
-0.20