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OIL SURGED 4% AFTER TRUMP REJECTED IRAN'S PLAN TO REOPEN THE STRAIT OF HORMUZ - QZ

Oil surged 4% after Trump rejected Iran's plan to reopen the Strait of Hormuz.

What changed
Oil surged 4% after Trump rejected Iran's plan to reopen the Strait of Hormuz.
Why it matters
Oil surged 4% after Trump rejected Iran's plan to reopen the Strait of Hormuz. — impact context not separately stored; see What changed.
Sources
qz
Related signals
BRENT FALLS BELOW $80 PER BARREL ON REPORT U.S. WILL ALLOW IRAN TO SELL OIL IMMEDIATELY — via CNBC →OIL PRICES RISE ABOVE $100 A BARREL FOR FIRST TIME SINCE JULY AS IRAN WAR ESCALATES →THE U.S. EMERGENCY OIL RESERVE IS BELOW 300 MILLION BARRELS FOR THE FIRST TIME SINCE 1983 - QZ →