Brent hits $100 as Trump extends Iran ceasefire deadline, Hormuz disruption persists (CO1:COM:Commodity)

Satellite view of the Strait of Hormuz with white graphic lines representing global shipping lanes and maritime traffic between the Persian Gulf and Gulf of Oman. Strategic oil transport concept — Alones Creative

Oil futures moved higher Wednesday morning after President Donald Trump extended the ceasefire deadline with Iran and maintained the blockade of the country’s ports until its leaders present what he called “a unified proposal.”

Brent futures (CO1:COM) briefly rose

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