US report of Project Freedom resumption lifts oil and hits stocks
Updated
Updated · Barron's · May 7
US report of Project Freedom resumption lifts oil and hits stocks
12 articles · Updated · Barron's · May 7
WTI crude rose 0.4% to $95.54, while the Dow fell 294 points, the S&P 500 lost 0.3% and the Nasdaq was flat.
The Wall Street Journal said the Trump administration may restart Navy escorts for commercial ships through the Strait of Hormuz as early as this week.
Saudi Arabia and Kuwait have lifted curbs on US military use of their bases and airspace, after Trump suspended the escort mission on Tuesday, a day after it began.
With US military plans in flux, can Chinese-backed diplomacy actually reopen the world’s most vital oil chokepoint?
Will Iran’s attempt to create a tollbooth on the Strait of Hormuz permanently rewrite the laws of the sea?