There’s more head-scratching to be done in the U.S.-Iran negotiations, with reports now emerging that the Iranian regime may seek to place tolls on travel through the Strait of Hormuz—yet another obstacle to navigate in the bid to normalize global oil supply lines.
Though President Trump has been adamant about the need for the Strait to reopen as soon as possible, he’s not keen on oil suppliers having to pay for passage, which was previously free.
“We want it open, we want it free, we don’t want tolls,” Trump told reporters last night. “It’s international—it’s an international waterway—they’re not charging tolls.”
“Investors have little more than sentiment when assessing risks around the Iran war,” UBS’s Paul Donovan told clients this morning. “Trying to assess Iran’s position using little more than semi-official news statements and viral Lego-style videos does not create precise analysis."
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