WTI crude settled up $3.07 to $74.84 on worries about a closure of the Strait of Hormuz or attacks on Iran's oil export facilities.
Trump wrote about unconditional surrender today, which is the kind of thing that would require a protracted military campaign.
oil daily
Crude hasn't climbed to the highs from Friday or early Monday but it could spike on signs of barrels truly being lost. Already there are reports of a slowdown in traffic in the Strait.
