A day after Iran’s military shut the Strait of Hormuz again, President Trump said the US had seized an Iranian-flagged cargo ship. US officials claim talks with Iran are still scheduled for today in Pakistan…but it’s unclear if the Iranian side will show up.
The deal: A 3-page MOU under discussion would unfreeze $20B in Iranian funds in exchange for Iran’s enriched uranium stockpile. But plenty of specific details (like the length of the possible moratorium) have yet to be ironed out.
Meanwhile, gas prices aren’t likely to dip under $3 per gallon until next year, Energy Sec. Wright claimed. As they say, “oil prices rise like a rocket and fall like a feather."
Molly Glick
Energy Central Team
Mon, Apr 20
NEWS: A deal with Iran keeps slipping out of reach.
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