Washington/Tehran, April 6 -- Oil markets opened on an increasingly uncertain and tumultuous note as Brent crude surged past USD 110 a barrel, holding a near USD 111 late Sunday amid the conflicting signals emerging from both Washington and Tehran over the trajectory of the ongoing war, as neither has been clear about its side.
The sharp spike comes amid the background of a market caught in the midst of consistently changing rhetoric, with US President Donald Trump on one end, threatening to intensify strikes including attacking Iran's power plants and bridges if the Strait of Hormuz remains blocked, while simultaneously claiming that Washington was engaged in "deep negotiations" with the authorities in Tehran.
Iran's own stance likewise ...