Oil set for weekly gain as U.S. intensifies pressure on Iran
TL;DR Summary
Oil prices rose for a second straight week on expectations that U.S. economic pressure on Iran will persist and amid ongoing uncertainty over shipping through the Strait of Hormuz, with Brent at $93.96 and WTI at $86.94 as diesel margins reach record highs and refinery constraints threaten supply.
- Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran CNBC
- The Message Behind Trump’s Threats of ‘Economic Warfare’ Against Iran The New York Times
- Trump declares economic warfare on Iran. And, SCOTUS to rule on White House ballroom NPR
- Iran war live: Tehran says planned US sanctions threaten global economy Al Jazeera
- Trump Risks China Blowback With Plan to Choke Iran’s Economy Bloomberg.com
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