Oil Rises as US Weighs Iran Proposal on Strait of Hormuz

Oil prices climbed as the United States weighs an Iranian proposal concerning the Strait of Hormuz, which remains closed. Trump is skeptical of the proposal to reopen the strait. Some of Trump's advisers suggest continuing the blockade of Iranian ports for two months. The dollar rose amid the uncertainty. Goldman Sachs has issued predictions about the future of the Strait of Hormuz.