Oil at a Crossroads: Attacks in the Strait of Hormuz and Diplomatic Deadlock Hold Prices in Check
🛢️ Oil prices frozen in anticipation: Brent at $88.72, WTI at $82.32.
📉 Markets under pressure from news in the Strait of Hormuz: ship traffic dropped to zero, UAE accused Iran of attacks on ADNOC tankers.
🚢 Bloomberg reports on secret shipments curbing price spikes, but US and Iranian diplomacy is at a deadlock.
#oil #economy #straitofhormuz #iran #usa
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