Iran War: Bloomberg Claims High Oil Flows Through Hormuz as Iran Threatens for Real Closure; Diesel Stress Rises as Canada Oil Exports to Fall Near Term; Investors Diss Bessent Treasury Meddling, Finger Inflation as the Issue

[Today’s Iran war post launched largely done but I had to go out. Please return at 8:30 AM EDT for the final version] We now have a somewhat more credible claim than those from the Administration, as in from Bloomberg sources, that 7 million barrels a day of oil are getting out of the Gulf….

US Navy strikes commercial vessel defying Iran blockade as Tehran outlines conditions to open Strait of Hormuz

US forces fired missiles to disable a commercial vessel attempting to breach the naval blockade on Iran on Tuesday, as Tehran declared the Strait of Hormuz will remain closed until Washington meets its conditions, including ending regional conflicts. The Blockade Strike US Central Command (CENTCOM) reported that an MH60 naval helicopter fired two Hellfire missiles…

US Navy strikes commercial vessel defying Iran blockade as Tehran outlines conditions to open Strait of Hormuz

Could a proposal for voluntary fees in the Strait of Hormuz break the deadlock in talks?

A proposal to charge vessels for services in the Strait of Hormuz, which previously drew little interest from Iran, may yet offer a way to break the deadlock and revive peace negotiations. Despite an impasse in negotiations between Iran and the United States, Iran’s Foreign Ministry spokesperson, Esmaeil Baghaei, said Iran is engaged in “constructive”…

Could a proposal for voluntary fees in the Strait of Hormuz break the deadlock in talks?