That makes the order of any steps just as important as the terms themselves. For traders, the report offers a possible path toward more reliable energy shipments, but it is still a proposal, not an agreement.
That makes the order of any steps just as important as the terms themselves.
For traders, the report offers a possible path toward more reliable energy shipments, but it is still a proposal, not an agreement.
The question is whether the sides can settle how passage would work without giving Iran the control Gulf states reject.
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That makes the order of any steps just as important as the terms themselves. For traders, the report offers a possible path toward more reliable energy shipments, but it is still a proposal, not an agreement. The question is whether the sides can settle how passage would work without giving Iran the control Gulf states reject.
Neither side wants to surrender leverage driving diplomacy. Neither side appears willing to give up its leverage first.
Gulf states reject Iranian control of the strait. It was trading near $96.70 before the announcement. The next key target for crude oil comes between $92.70 and $93.81.
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