Oil Jumps as Trump Threatens War Escalation Over Coming Weeks


“Nothing in Trump’s speech alters the underlying market reality: the strait has effectively been closed for a month, and flows remain materially constrained with at least several weeks of disruption still likely, if not more,” said Robert Rennie, head of commodity research at Westpac Banking Corp. Brent is expected to trade between $95 and $110 a barrel in the near term, he added.



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