OIL EXTENDED GAINS AFTER THE BIGGEST JUMP IN TWO WEEKS, WITH BRENT RISING ABOVE $91 A BARREL AFTER CLIMBING 2.7% IN THE PREVIOUS SESSION AND WTI ABOVE $84, AS PROSPECTS DIMMED FOR A QUICK RESTORATION OF FULL FLOWS THROUGH THE STRAIT OF HORMUZ, WITH A 60-DAY U.S.-IRAN TRUCE HAVING LAPSED, PEACE TALKS STALLED AND WASHINGTON PREPARING FRESH SANCTIONS ON TEHRAN.

OIL EXTENDED GAINS AFTER THE BIGGEST JUMP IN TWO WEEKS, WITH BRENT RISING ABOVE $91 A BARREL AFTER CLIMBING 2.7% IN THE PREVIOUS SESSION AND WTI ABOVE $84, AS PROSPECTS DIMMED FOR A QUICK RESTORATION OF FULL FLOWS THROUGH THE STRAIT OF HORMUZ, WITH A 60-DAY U.S.-IRAN TRUCE HAVING LAPSED, PEACE TALKS STALLED AND WASHINGTON PREPARING FRESH SANCTIONS ON TEHRAN.

Source:https://x.com/FirstSquawk/status/2089510885513683207