US Secretary of State Marco Rubio voiced hope for working with elements within Iran’s government.
Market experts warned that any US ground operation or wider Iranian retaliation could send oil prices to levels not seen since July 2008, when Brent hit almost US$150 a barrel.
“DE-ESCALATION AND RE-ESCALATION”
In a sign Iran was determined to keep control of Hormuz, state media reported Monday that a parliamentary commission had approved plans to impose tolls on vessels transiting it.
With Trump flipping between hope for talks and threats, analysts said investors were having to walk a tightrope.
“The market continues to be headline-driven as the Trump Administration has delivered a variety…