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Trump warns Oman over strait re-opening
Published 2 months, 2 weeks ago
Description
President Trump threatens to bomb ally Oman should it impede efforts to re-open the Strait of Hormuz following yesterday’s expiration of the MOU with Tehran with no immediate signs of diplomatic efforts from both sides. Brent moves to beyond $90 a barrel as a result while equities and bonds suffer losses. The U.S. 30-year T-bill surges to its highest level since 2007. The ECB has warned U.S. Big Tech stocks are due a correction and the euro zone’s households, insurers and pension funds are all vulnerable to any potential pull-back.
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