U.S. WARNS AGAINST HORMUZ DEAL OPTIMISM U.S. Energy Secretary Chris Wright warned traders against expecting a quick Strait of Hormuz breakt…
U.S. WARNS AGAINST HORMUZ DEAL OPTIMISM
U.S. Energy Secretary Chris Wright warned traders against expecting a quick Strait of Hormuz breakthrough with Iran.
Alternative routes are supplying about 10 million barrels a day, keeping oil markets tight but manageable.
Iran plans to propose a temporary shipping lane in Oman on Monday.
Wright also said Washington prefers negotiations over Iran’s nuclear program but remains prepared to use military force.