US President Trump considers extending waivers to ease US oil shipments, according to Axios
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US President Trump considers extending waivers to ease US oil shipments, according to Axios
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US President Trump posts "Iran doesn’t want the Strait of Hormuz closed, they want it open so they can make $500 Million Dollars a day (which is, therefore, what they are losing if it is closed!)"
On the Newsquawk feed at , 20 minutes before this page.
Context
The potential extension of waivers for US oil shipments by President Trump signals a move that may ease current restrictions, which could impact global oil supply and prices. Such a decision may lead to volatility in energy markets and influence the broader markets, particularly commodities like WTI and Brent crude, as well as associated currencies. Traders should monitor immediate reactions in oil prices and correlated assets as this develops.
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