Oil Rises on Gulf Risk as MOU Counter-Amendments Remain Unresolved
📉 MARKETS — Gulf risk premium is back in oil, even as MOU talks grind on. 📌 LOOK CLOSER: Oil rising on Gulf risk while MOU counter-amendments are still unresolved signals markets don't believe a deal closes this week. Qeshm/Goruk strikes and Iran's Iraq cross-border action gave traders a fresh escalation read. Brent had priced in diplomacy through May — any reversal toward 96 squeezes Asian importers most exposed to spot LNG repricing.
