Rory Johnston
@Rory_Johnston
oil market researcher | founder of | former bank economist | markets, code, barbecue | subscribe to my research:
Joined December 2009
1.5K Following 112.3K Followers
As always, devil in the details—is this the “open” Tehran pledged previously, or open-open?
And I’d love more details on those other demands.
But crude market diving regardless; sell first ask questions later it seems.
Crude down ~$3/bbl on the headline.
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IRAN HAS INFORMED THE TRUMP ADMINISTRATION THAT IT WILL OPEN THE BLOCKED STRAIT OF HORMUZ "WITHIN SEVEN DAYS" IF IT ACCEPTS DEMANDS SUCH AS LIFTING THE US MILITARY BLOCKADE OF IRANIAN PORTS, ACCORDING TO A SENIOR IRANIAN GOVERNMENT OFFICIAL ON THE 22ND. WITH IRAN'S CRUDE OIL EXPORTS VIRTUALLY HALTED DUE TO THE PORT BLOCKADE, IRAN IS TRYING TO BREAK THE PROLONGED STALEMATE BY MAKING THIS MOVE. - KYODO
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