Westpac: Oil Rebounds Sharply as Iran Holds Firm on Hormuz
Brent rose 4.2% to around $103 a barrel and WTI gained 2.5% to $92.8, while Dated Brent traded near $120. The move followed comments from Iran’s President Pezeshkian that the Strait of Hormuz would remain closed while sanctions and the US blockade stay in place. Reports of a US diesel export ban added to the move, alth