Oil Prices Soar Amid Strait of Hormuz Standoff

Oil prices surge as Trumps Strait of Hormuz plan faces skepticism, with Brent crude nearing $119 a barrel. The standoff has caused a severe supply crunch, raising global growth and inflation concerns. Ship owners demand details on mine threats before committing, while Iran threatens retaliation. A tanker was attacked near Fujairah, but the crew is safe. Trump hints at talks with Iran, and OPEC plus agrees to a small quota increase. Markets remain tense as one misstep could lock in higher prices for months. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/155739cc204d912f

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