WTI crude topped $84 a barrel overnight, surging more than 6% in a single session as the Strait of Hormuz reopening deal with Iran hit a wall of competing demands.
Iran wants the U.S. to withdraw its naval blockade, pay war compensation, unfreeze assets, and lift sanctions — a list Trump called unreasonable, counter-demanding Iran pay reparations for "all of the people they have killed" over 50 years.