CNN reported that on June 21, during an interview with Fox News, President Trump stated that if no agreement is reached with Iran, the U.S. could resume bombing and take control of the Hormuz Strait. Following his remarks, oil prices surged.
As of 8:30 a.m. Korean time on June 22, Brent crude was priced at $81.66 per barrel, a 1.35% increase, while West Texas Intermediate (WTI) rose 2.4% to $77.66.
The U.S. and Iran have been engaged in negotiations in Switzerland regarding the Hormuz Strait, a ceasefire in Lebanon, and Iran's nuclear program, but talks have reached an impasse. A U.S. official indicated that negotiations would continue overnight.
The current proposal includes reopening the Hormuz Strait for transit without tolls for the next 60 days. However, President Trump mentioned that if an agreement fails, the U.S. could impose tolls.
Iran has previously stated that the U.S. has clearly violated its commitments and announced its intention to close the Hormuz Strait. The strait is a critical passage for global energy trade, and concerns over disruptions could lead to upward pressure on oil prices.
Amid this uncertainty in negotiations, U.S. stock index futures are showing weakness. Dow futures and S&P 500 futures fell by 0.4%, while Nasdaq futures dropped by 0.6%.
* This article has been translated by AI.
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