OPEC +/-

OPEC +/- By Bas van Geffen, Senior Macro Strategist at Rabobank Brent futures topped $115/barrel, after news broke that US President Trump rejected Iran’s proposal to reopen the Strait of Hormuz. According to CNN’s sources, Iran is expected to submit a revised proposal in the next few days. However, it is unclear why Trump would accept this new version, unless Iran is suddenly willing to make concessions on its nuclear program. Meanwhile, Reuters reports that US intelligence age...