Oil Holds Weekly Gain as Trump Sticks With Blockade

Source: Bloomberg Politics · Bias: Center

Summary

Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports. Oil has soared more than a quarter over the past two weeks as the deadlock in negotiations extends the near-total closure of the crucial waterway, which before the war carried about a fifth of the world’s crude. Bloomberg’s Anthony di Paola reports.

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Oil Holds Weekly Gain as Trump Sticks With Blockade
Bloomberg Politics

Oil Holds Weekly Gain as Trump Sticks With Blockade

Center

Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports. Oil has soared more than a quarter over the past two weeks as the deadlock in negotiations extends the near-total closure of the crucial waterway, which before the war carried about a fifth of the world’s crude. Bloomberg’s Anthony di Paola reports.

Oil Holds Weekly Gain as Trump Sticks With Blockade | ParallaxNews.io