Energy

Iran Says Hormuz Will Stay Closed Until U.S. Meets Its Conditions

Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war and meets Tehran’s conditions, raising the bar for a deal that would restore more oil traffic through the key waterway. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said Wash

Source: OilPrice.com

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DW NOTE

Iran is demanding the US lift sanctions before reopening Hormuz — the same sanctions imposed precisely because Iran closed Hormuz. The strait has been shut for 119 days. Every barrel not flowing is leverage spent. Draft terms are already on the Supreme Leader's desk; this is negotiating theater, not policy.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Iran Says Hormuz Will Stay Closed Until U.S. Meets Its Conditions

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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