US naval blockade of Iranian ports cuts Tehran's oil exports, stranding crude on tankers as storage runs low – Reuters

Oil prices spike overnight with WTI crude topping $105/barrel as U.S. blockade of Iran expected to persist, disrupting Strait of Hormuz trade.

Oil prices spiked overnight, with Crude Oil WTI surpassing $105 per barrel, as the likelihood of the U.S. naval blockade of Iran continuing for the foreseeable future increases, along with significant disruptions through the Strait of Hormuz.

Belgium moves to nationalize its nuclear reactors and halts all planned decommissioning efforts, according to reports.

The Belgian government has reportedly decided to nationalize its nuclear reactors and halt previously scheduled decommissioning plans.

The United States is reportedly intercepting and turning back oil tankers in waters located beyond the Gulf of Oman.

The United States is reportedly intercepting and turning back oil tankers in waters beyond the Gulf of Oman.

U.S. Energy Department solicits exchange of up to 92.5 million barrels from strategic petroleum reserve.

The U.S. Department of Energy is soliciting an exchange of up to 92.5 million barrels from the Strategic Petroleum Reserve.