[US-Israel, Iran War Day #161] Oil Rises as Market Awaits Possible US-Iran Hormuz Deal

In Brief…

• A loud boom was heard near the Strait of Hormuz on Thursday, with a provincial security official saying authorities were investigating its source and that no impact had been reported in Qeshm or Bandar Abbas.
• Iran is pushing for ships to pay for services including insurance, refueling and environmental protection under a proposed Hormuz shipping deal with Oman, an Iranian Foreign Ministry source told Fars.
• US President Donald Trump said on Thursday that the United States had ample munitions and was expanding domestic production, rejecting leaked claims about US stockpiles.

This is a developing story that HO1 will continue to monitor.
Check back for updates.

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