Energy Daily

Trump’s Oil Market Messaging Runs Into Geopolitical Reality

The war has shown how much control Iran can exert over the Strait of Hormuz.
Oil storage tanks in Yokohama, Japan.Photographer: Soichiro Koriyama/Bloomberg
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Welcome to our guide to the commodities driving the global economy. Today, reporter Alex Longley looks at the limits of recent messaging that has helped calm oil markets.

Whether you’re an optimist that President Donald Trump is in talks to end the Iran war or not, one thing is clear: US officials are making oil trading ever harder.