USO-linked WTI falls over 4% for the week
West Texas Intermediate, as tracked by United States Oil Fund, was at $83.12 Wednesday, down over 4% for the week, while Brent crude traded near $88.04, down 0.6% on the day.
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Trump's Former Counterterrorism Chief Says Trump Can Declare 'Victory' Over Iran, Use Sanctions Relief to Reopen Strait of Hormuz
President Donald Trump ‘s former counterterrorism chief, Joe Kent, hailed the announcement that the U.S. would halt strikes on Iran, saying the move could open the door to movement of vessels through the Strait of Hormuz. US Can’t Use Military Force to Reopen Strait of Hormuz In a post on the social media platform X on
USO WTI crude oil falls -7% to $83 per Barrel and Brent slides under $89 after topping $100 last week after President Trump paused U.S. airs
USO WTI crude oil falls -7% to $83 per Barrel and Brent slides under $89 after topping $100 last week after President Trump paused U.S. airstrikes on Iran, raising hopes that renewed diplomacy could reduce the risk of a broader disruption to global energy supplies.