Oil Swings as Traders Decode Talk Signals With Hormuz Closed

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:Oil fluctuated as traders took stock of moves to arrange a second round of peace talks between the US and Iran, as well as the near-total, double blockade of flows of crude through the Strait of Hormuz.Brent rose toward $96 a barrel after losing 4.6% on Tuesday, while West Texas Intermediate was near $92.

President Donald Trump said talks could resume “over the next two days,” the New York Post reported. He saw the war being “very close to overBloomberg Terminal,” according to Fox Business anchor Maria Bartiromo.