Oil Jumps After Trump Orders Navy To ‘’Shoot And Destroy’’ Iranian Gunboats

Oil Jumps After Trump Orders Navy To ‘’Shoot And Destroy’’ Iranian Gunboats

OilPrice.com

Published

After two dark days for crude, oil prices are rallying again on Wednesday morning after U.S. President Trump triggered a small short-covering rally by tweeting that he has ordered the U.S. Navy to "Shoot Down And Destroy" Iranian gunboats if they harass U.S. ships.Once again, President Trump’s tweet manages to lift oil prices hinting at an escalation of conflict with Iran.  Tensions in the Strait of Hormuz, the world’s number one shipping lane for crude oil, continue to play a role in the markets, albeit a much smaller one. The…

Full Article