WS #10338
Trump threatens to destroy Iran and floats 20% 'Guardian Angel' tax on oil transiting Strait of Hormuz; Iran reimposes blockade, no new permits for ships; but Iranian delegation meets Vance in Switzerland for first talks in over a decade, with Vance claiming progress. Iraq plans to gradually restore crude oil output to pre-crisis levels of 4.2-4.3 million bpd, a bearish signal for oil prices.
US-Iran Strait of Hormuz confrontation
Trump threatens to destroy Iran and floats 20% 'Guardian Angel' tax on oil transiting Strait of Hormuz; Iran reimposes blockade, no new permits for ships; but Iranian delegation meets Vance in Switzerland for first talks in over a decade, with Vance claiming progress.
Iraq plans to gradually restore crude oil output to pre-crisis levels of 4.2-4.3 million bpd, a bearish signal for oil prices.