In Brief…
- US Treasury Secretary Scott Bessent said on Monday that any steps to address higher oil prices will depend on how long the war lasts, adding he does not know how many weeks the conflict will take.
- Iran’s Foreign Ministry spokesperson Esmaeil Baghaei said on Monday that the Strait of Hormuz is not closed but ship traffic is under the control of its armed forces.
- President Donald Trump said Sunday that Washington remains in contact with Iran but expressed skepticism that Tehran is prepared for serious negotiations to end the conflict.
- The chief executives of ExxonMobil, Chevron and ConocoPhillips warned the Trump administration that the disruption at the Stait of Hormuz is likely to worsen the global energy crisis, The Wall Street Journal reported.
- Emirates said early on Monday local time that all flights to and from Dubai have been suspended following a “drone incident.”
This is a developing story that HO1 will continue to monitor.
Check back for updates.
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