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Oil traders keep clinging to hope that the Strait of Hormuz will reopen. That won't last forever.
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Prime Minister Benjamin Netanyahu of Israel is trying to satisfy the sometimes competing demands of his right-wing base and President Trump months ahead of a tough election.
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Oil rose as traders assess mixed signals from the U.S. and Iran amid worries that a deal to open the Strait of Hormuz may not come anytime soon.
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The Trump administration is said to be unbothered by the Israeli prime minister's rejection of the deal, viewing it as campaign rhetoric ahead of a general election.
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A judge sided with homeowners who had sued New York City and argued that the introduction of the tax was mishandled. The city moved to appeal, meaning the rollout can proceed.
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The Jones Act waiver extension comes after the Trump administration's latest signs of a deal to reopen the Strait of Hormuz failed to materialize.
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Israel's prime minister is rejecting Trump's deal for Gaza and says Israeli forces won't withdraw from the Palestinian territory until Hamas disarms.
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