MarketPR
Brent crude prices rose after Iranian forces and U.S. troops exchanged fire overnight, with U.S. and Saudi strikes on Tehran-backed militias in Iraq compounding the pressure on the energy tape.
Iran's rejection of a proposal to share Strait of Hormuz oversight removes a diplomatic pressure valve, and sources say Tehran is set to receive up to 400 Chinese-made shoulder-fired air-defense missile launchers within weeks.
The Senate added a legislative dimension with an 86-12 vote to advance a bill that would authorize President Trump to impose tariffs on major buyers of Russian and Iranian energy.
The Hormuz factor and the setup for crude Tehran's flat rejection of shared Strait of Hormuz control is the harder signal for energy traders to price.
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