Oil Flat As Jinping "Opposes" Militarization Of the Hormuz And Some Ships Transit The Strait

The passage of over 30 ships through the Strait of Hormuz by Iran is seen as a result of the Trump/Jinping meeting, with China opposing the militarization of the Strait. Oil markets are mixed, and Russia's Urals blend price increase is fueling the Kremlin's war economy. The market is experiencing mixed signals and uncertainty regarding the U.S.-China talks.