Treasury Secretary Bessent: Oil prices will be lower than pre-conflict levels

Did have a call with Imans
Oil prices will be lower than pre-conflict
A 2000 ships are waiting to come out of the gulf, and the oil market is set to be very well supplied.
Pres. Trump has said there are several redlines and the Strait of Hormuz has to be free and open.
Nothing is on the table until the Strait is reopened
Oman told him they will not toll the strait (So Trump need not bomb them).

Meanwhile, another report is now saying that the memorandum of understanding between Iran and the US has not been finalized nor confirmed.

This article was written by Greg Michalowski at investinglive.com.