Iran Announces Fuel Rationing As Brent Sets New War Highs, After Trump Rejects Tehran's Latest Offer [zero hedge]
Chevron Corporation (CVX)
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Source: zero hedge
Iran Announces Fuel Rationing As Brent Sets New War Highs, After Trump Rejects Tehran's Latest Offer Summary Brent crude reaches $120/barrel - new Iran war high, and highest since June 2022 . Simultanously, Iran's currency has collapsed to a record low , plunging to 1.8 million rial per dollar - also amid mass layoffs in various Iranian sectors. CENTCOM reportedly preparing for "short wave of strikes" on Iran in order to potentially break the Hormuz impasse & force Tehran back to the negotiating table. Trump rejects Iran proposal as it won't give up nuclear program . Trump recently met this week with oil and gas executives at the White House to address energy fallout, and as oil pushes higher : Axios. Trump warns Iran to "get their act together" and to "get smart" - and for the second time writes "no more Mr. Nice Guy" . Fresh White House statement indicates communication still open with Tehran , but still says "Iran can never possess a nuclear weapon." //-- //-- Will the U.S. invade
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