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Hormuz blockade fuels oil rally above $100 as markets slide

1 min read
Source: Financial Times
Hormuz blockade fuels oil rally above $100 as markets slide
Photo: Financial Times
TL;DR

The U.S. is set to impose a naval blockade of Iran’s ports through the Strait of Hormuz from Monday, sending Brent above $102 and WTI above $104 as Asian stocks and U.S. futures fall on escalating Middle East tensions.

Topics:top-newsworld#asian-markets#iran#oil-prices#strait-of-hormuz#us-blockade#world
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  1. Middle East war live: Donald Trump attacks Pope Leo over Iran  Financial Times
  2. Oil leaps, dollar firm and stocks wobble as US-Iran peace talks collapse  Reuters
  3. Collapse of US-Iran talks heightens fears of prolonged energy shock  The Guardian
  4. Gold Falls as Dollar Strengthens After U.S.-Iran Peace Talks Collapse  WSJ
  5. Dollar and oil rise as US-Iran peace talks collapse By Reuters  Investing.com

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