Gulf Risk Premium Spikes as Trump Signals Non-Recognition of New Iranian Leadership #
Brent crude futures gapped higher in early Asian trading today, breaking the $94 per barrel resistance level after US President Donald Trump signaled an aggressive non-recognition of Iran’s newly installed Supreme Leader, Mojtaba Khamenei. The risk premium on Gulf maritime transit has widened considerably, with insurers hiking premiums for tankers traversing the Strait of Hormuz by a further 120 basis points. Trump’s assertion on Fox News that the younger Khamenei will not live in peace has forced institutional capital to…