This was out a few hours ago but it’s important context in why oil prices are back near the post-war highs.

Previously on Wednesday, a report said that Iran had reached out the US about negotiations. They were Axios reports saying that Iranians had sent messages over the last few days but that the US didn’t respond.

This report from Iran’s Tasnim news agency cites an Iranian official who said:

“No ⁠message has been sent ​from Iran to the ​US, nor will any response
be given to US messages. Iran’s ​armed forces have prepared ​themselves
for a long war.”

Along those lines, Politico reports that the US has asked intelligence officers to post for 100 days. That’s a much longer timeline than the 4-5 weeks that Trump floated but it could just be about contingencies.

In any case, WTI crude is up $2.42 to $77.09.