Trump Orders Iran Blockade as Oil Nears $150 in Europe and Stocks Slip
On Monday, Europe’s spot crude market spiked—North Sea Forties crude shot up to a record $148.87 a barrel—as the U.S. made good on its warnings to Iran. U.S. stock futures slipped after a notice to mariners confirmed the blockade on Iranian port traffic would kick in at 1400 GMT. Brent futures, meanwhile, pushed past $100 again.