President Trump is warning that the US could restart strikes on Iran, a stance that reads less like a negotiating tactic and more like the opening move in a drawn‑out standoff.
Brent crude, the global benchmark, is trading closer to its upper range, reflecting the higher level of vulnerability for Europe and Asia related to oil imports relative to America’s domestic oil supplies.
A troubling report suggests Iran has tightened its control over the Strait of Hormuz after establishing a new Persian Gulf Strait Authority and positioning itself as the sole gatekeeper for this strategic energy corridor.
wildpixel/iStock via Getty Images
President Trump is warning that the US could restart strikes on Iran, a stance that reads less like a negotiating tactic and more like the opening move in a drawn‑out standoff. A few days ago, he described the
