Past 24 Hours in US-Iranian Relations:

Sharing is Caring!

* #Iran launches its first ever military satellite: #Noor.

orders the targeting of all IRGC vessels that harass regional US Navy assets.

* Regime threatens stronger attacks than on Ayn al Assad if ships are targeted.

Oil rockets higher after Trump threatens Iran

Beaten-down US oil prices rallied Wednesday following dramatic declines earlier this week, lifting global equities, even as American crude inventories surged closer to capacity levels.

Futures for the benchmark West Texas Intermediate for June delivery jumped 19 percent to $13.78 a barrel in New York. WTI sank into negative territory on Monday for the first time, but that was for the May contract that expired Tuesday.

Wednesday’s surge came after US President Donald Trump threatened to shoot at Iranian boats in a key waterway for crude shipments after Washington accused its arch-foe of harassing its ships in the Gulf.

h/t Builder


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.