WS #14229
Strait of Hormuz traffic near zero (5 vessels Saturday, none Sunday) with no progress in US-Iran talks, keeping oil prices elevated (Brent ~$88.7-89.4, WTI ~$82.3-82.7). Trump orders 'substantial reduction' in joint US-South Korea military exercises, citing Seoul's refusal to join action against Iran and his relationship with Kim Jong Un.
Hormuz shipping halt and oil prices
Strait of Hormuz traffic near zero (5 vessels Saturday, none Sunday) with no progress in US-Iran talks, keeping oil prices elevated (Brent ~$88.7-89.4, WTI ~$82.3-82.7).
Trump orders 'substantial reduction' in joint US-South Korea military exercises, citing Seoul's refusal to join action against Iran and his relationship with Kim Jong Un.