 "Donald Trump")
Oil retreated as US President Donald Trump questioned America’s interest in securing a key Persian Gulf waterway, adding to the uncertainty over the simmering confrontation with Iran.
Benchmark Brent crude futures slid as much as 1.5% while US crude extinguished an early rally and lost almost 1%.
Trump in a tweet asked “why are we protecting" the Strait of Hormuz, adding: “we don’t even need to be there." Yet he also said new sanctions would be imposed on the OPEC producer after it shot down an American spy drone last week.
“It’s unclear what the next step is in the Persian Gulf," said
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