Tensions in the Strait of Hormuz and Iran-US negotiations
Story essentials
Marco Rubio, Donald Trump, Mojtaba Khamenei
Middle East, Strait of Hormuz
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Oil prices steady amid US-Iran tensions and supply concerns
Oil prices stabilized after a significant jump. President Trump vowed fresh strikes in Iran following an attack on US forces in Jordan. US crude stockpiles fell, signaling a tightening market.
Related book
The Prize: The Epic Quest for Oil, Money, and Power
Author: Daniel Yergin
This book provides the definitive history of the global oil industry, explaining why the Strait of Hormuz is the world's most critical energy chokepoint and how oil has dictated geopolitical tensions between the West and the Middle East for decades.
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