1 of 1
Story summary
- Iran released a draft plan to tighten Strait of Hormuz traffic, lifting Brent crude 3.6% to $82.36.
- The plan would ban U.S. and Israeli ships and impose penalties equal to 20% of cargo value.
- Treasury Secretary Scott Bessent said a deal to reopen the strait could be reached by Wednesday.
- UK Maritime Trade Operations reported explosions near tankers off Yemen and Oman, with crew and vessel safe.
