With The U.S.-Iran Deal Collapsing, How Exposed Are Oil Markets Right Now?

Even before the 30-day mark was reached in the 60-day negotiating process that would see the 14-point memorandum of understanding (MOU) agreed between Washington and Tehran crystallise into a full and final peace deal, the starting point for the whole process has been broken by both sides. U.S. Central Command (CENTCOM) and President Donald Trump stated that Iran had violated the MOU by firing on commercial vessels in the Strait of Hormuz, enforcing pre-approved shipping routes, and threatening to collect transit tolls. In response, the U.S. military…