WTI crude settled up $3.07 to $74.84 on worries about a closure of the Strait of Hormuz or attacks on Iran’s oil export facilities.

Trump wrote about unconditional surrender today, which is the kind of thing that would require a protracted military campaign.

Crude hasn’t climbed to the highs from Friday or early Monday but it could spike on signs of barrels truly being lost. Already there are reports of a slowdown in traffic in the Strait.

Later this year,
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.