Trump Rejects Iran's Hormuz Offer: Will Brent Crude Spike?
President Trump rejected Iran’s proposal to reopen the Strait of Hormuz just as traders were pricing in renewed diplomacy. Now Iran’s latest warning puts the focus on Brent crude’s first trade after the weekend—and whether geopolitical risk returns to the price.
Hormuz Tanker Hit as Both Major Oil Routes Face Pressure
A tanker attack in the Strait of Hormuz comes as Saudi Arabia’s East-West oil pipeline is already shut, putting two major regional oil routes under pressure. With oil recently above $100, attention now turns to whether supply disruptions worsen and what Monday’s regional meeting means for Hormuz.
Oil Jumps 5% as 10-Year Yield Hits 4.81% and Gold Falls
Oil surged as renewed fighting near the Strait of Hormuz pushed energy prices higher while the 10-year Treasury yield reached about 4.81%. Gold’s decline reveals the bigger market tension as investors weigh geopolitical risk against higher yields, a stronger dollar and the next test from U.S. labor data.