Energy Markets
MORNING BID EUROPE - Oil swept on Troubled Waters
Wayne Cole gives us a look at what the future holds for European and global markets. The week has started off with a shaken market as Iran and?United States trade wars in the Gulf while Tehran claims that it closed the vital Strait of 'Hormuz. The strait of?Hormuz is a vital waterway for commercial traffic. According to U.S. officials, 20 ships have been escorted by U.S. officials in the past 24 hours. The UKMTO reported that transits were already down to 10 on Friday. Ship tracking sites also showed that there were no ships in the narrowest section of the...