Enterprise & investing: The clock is ticking. Sixteen days on from the primary strike on Iran by joint US-Israeli forces and there seems to be no signal of a decision in sight because the essential Strait of Hormuz stays largely closed rising the stress on already elevated oil costs above US$100 a barrel.
US President Donald Trump is now threatening to intervene straight in oil futures markets to push down costs, a transfer that the pinnacle of the world’s largest commodity alternate the CME in Chicago warned risked unleashing a “biblical catastrophe”.
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