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The Piney Point

Surging oil prices drag US futures lower as Trump rejects Iranian proposal to open Strait of Hormuz

Surging oil prices drag US futures lower as Trump rejects Iranian proposal to open Strait of Hormuz
Photo: KPRC 2 / Click2Houston (NBC) · view original

Surging crude prices are dragging on U.S. futures after President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz. Iran had offered to reopen the strait and resume talks on its nuclear program if the U.S. lifts its naval blockade of Iranian ports, waives sanctions on Iranian...

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