West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.00 during the early Asian trading hours on Tuesday. WTI steadies as traders continue to assess the developments surrounding Middle East conflicts.
The United States (US) and Iran ruled out an extension of the Memorandum of Understanding (MoU) that they signed in June to end the conflict. Bloomberg reported on Monday that US President Donald Trump said that he is not interested in renewing the expiring agreement with Tehran.
Trump insisted that Washington had leverage over Iran, citing the naval blockade of Iranian ports. “We control it with the blockade, and I…
Read the full article at FXSTREET.COM
