Market News: Oil Industry Resists Trump's Iran Peace Plan

Reported by Jinse Finance, on April 9, U.S. President Trump's Iran peace plan is facing resistance from a key group: the oil industry. An industry consultant stated that oil company executives are contacting the White House, U.S. Secretary of State Rubio, and Vice President Vance to protest the proposal allowing Iran to charge transit fees through the Strait of Hormuz as a condition for peace negotiations. When asked whether the executives had contacted the White House to protest the transit fee measures for the Strait of Hormuz, the consultant replied: "Of course! We never had to do this before—and I think we already won the war. Whenever there's an opportunity to reach government departments, you ask, 'What are you thinking?'" (Politico)