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Brent Nears Iran War Highs After Trump Orders "Extended Blockade", Threatens "No More Mr. Nice Guy"
Brent Nears Iran War Highs After Trump Orders "Extended Blockade", Threatens "No More Mr. Nice Guy"
Summary
Trump warns Iran to "get their act together" and to "get smart" - and for the second time writes "no more Mr. Nice Guy".
Brent Crude nears Iran war high of $115 per barrel & highest since June 2022.
Trump in 4am Truth Social post: "Iran can't get their act together. They don't know how to sign a nonnuclear deal. They better get smart soon!"
Fresh White House statement indicates communication still open with Tehran, but still says "Iran...
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Shipping Turmoil Remains Largely Contained To Gulf, For Now
Shipping Turmoil Remains Largely Contained To Gulf, For Now
The world's most critical maritime energy chokepoint has now been closed for 12 weeks, leaving seaborne energy supply chains heavily disrupted. Still, one UBS analyst points out that the shock has yet to meaningfully spill over into broader global shipping outside the Gulf area, suggesting the disruption remains largely contained for now.
"It looks like non-energy related global shipping traffic is running just 4% below normal in May - a bit better than April," UBS analyst Arend Kapteyn wrote in a...
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