Trump pivots from Hormuz tolls as US-Iran fighting resumes
Oil prices remain far below their early May peak of nearly $115 a barrel, but the renewed hostilities have pushed them well above the roughly $70 level seen before the war.
Welcome back to AL-MONITOR Business & Tech.
This week, we look at US President Donald Trump’s U-turn on taking a leaf from Tehran’s book and imposing a transit fee for the Strait of Hormuz. We also report on the first Syrian-American business forum since sanctions were lifted on the war-torn country, as well as how the growing UAE-Saudi rift is affecting the banking sector.
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