Analyst
Oil prices grappling with Strait of Hormuz closure; conflict appears intractable; Trump threat would be enormous escalation.
Equity markets responding negatively to weekend news; oil making modest moves but Brent curve shows stronger response further out.
Host
Analyst
Market pricing in conflict won't stop soon; no quick resolution to global energy system dislocations.
Iran threatening to mine Persian Gulf if attacked; rhetoric heightening on both sides.
Host
Analyst
Higher prices giving shale industry financial framework to continue drilling; bullish for outlook.
WTI moving as much as Brent today after last week's divergence.
Host
Analyst
US administration keen to keep lid on WTI prices but there's only so much it can do.