"Trump stated that he is considering 'winding down' the war with Iran without resolving the crisis over the Strait's de facto closure, indicating a potential shift in U.S. strategy."
"Dan Brouillette expressed optimism that if the war concludes in the coming weeks, oil prices are expected to decrease rapidly, aligning with broader market forecasts."
"NATO Secretary-General Mark Rutte announced that 22 countries, including NATO members and allies like Japan and Australia, are collaborating on a U.K.-led initiative to ensure safe passage for vessels through the Strait."
President Trump issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to destroy its power plants. Brent crude oil prices rose initially but remained stable, up 55% since U.S. strikes began. WTI is near $99, with U.S. gasoline prices approaching $4 per gallon. Former Energy Secretary Dan Brouillette predicts oil prices will drop if the war ends soon. Multinational talks are ongoing to secure safe passage for oil tankers through the Strait, involving 22 countries in a U.K.-led initiative.
Read at Axios
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