Oil Rises as Iran Reveals Restrictive Strait Plan
TL;DR
Oil prices climbed after Iran published a draft plan to restrict transit through the Strait of Hormuz, including prohibiting US and Israeli ships and imposing penalties. Brent surged about 4% to around $82.72 a barrel and WTI up about 3.5% to $77.83, reversing earlier declines tied to hopes of a near US‑Iran deal. The report also notes a separate explosion off Oman and Houthi‑related attacks in Yemen.
- Oil prices jump after Iran publishes restrictive draft plan for Strait of Hormuz CNBC
- Iranian parliamentary committee reviews draft bill to bar US, Israeli ships from Hormuz, Fars says Reuters
- Oil prices near session highs after Hormuz deal said to prohibit U.S. passage Investing.com
- Oil jumps $3 as Iran reviews bill to ban US, Israeli vessels from Hormuz The Lufkin Daily News
- A Deal To Reopen The Strait Of Hormuz Appears To Be Close; But Iranian Media Says It Excludes U.S. And Israeli Ships International Business Times
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