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Investors ‘afraid’ to take position on oil, data chiefs say as tankers face potential Hormuz fees
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- Global oil markets were volatile on Tuesday, reflecting investor jitters over possible Iranian plans to impose a permanent fee on ships crossing the Strait of Hormuz as part of any peace agreement with the U.S.
- International Brent crude oil prices ticked higher, while WTI fell, as traders attempted to reconcile fresh U.S.
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Global oil markets were volatile on Tuesday, reflecting investor jitters over possible Iranian plans to impose a permanent fee on ships crossing the Strait of Hormuz as part of any peace agreement with the U.S.
International Brent crude oil prices ticked higher, while WTI fell, as traders attempted to reconcile fresh U.S. attacks on Iran Tuesday — dubbed "defensive strikes" by Central Command — with President Donald Trump's hints this past weekend that a peace agreement could now be in sight.
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