Two Supertankers U-Turn in Hormuz as US-Iran Talks Break Down
Two empty supertankers attempted to make their way through the Strait of Hormuz and into the Persian Gulf on Sunday, only to make a last-minute U-turn just as peace negotiations between the US and Iran broke down, threatening a fragile ceasefire.
Oil prices surge amid Iran conflict
- Oil shock rekindles 1970s fears, but today’s economy is better prepared Seeking Alpha —
- Iran War Drives Oil Shock Bloomberg —
- Collapse of US-Iran talks heightens fears of prolonged energy shock The Guardian —
- Vitol trading bet backfires as Iran conflict jolts oil markets: WSJ Seeking Alpha —
- Is Iran war fallout hitting US wholesale prices? Financial Times —