Oil Surges Six Percent. Brent Above $100, WTI at $92. Thank Trump

Trump's tit-for-tat war with Iran escalates. You pay the price.

Source: Mish Talk

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DW NOTE

Trump imposed new sanctions on Iranian crude exports last week. Iran responded by threatening to restrict tanker traffic again. Oil markets are pricing in supply risk that didn't exist a month ago — when the Strait had just reopened and traffic was recovering. The US turned a resolved crisis back into an active one.

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