Texas intermediate oil (WTI) rose 4% this Friday, to US$105.42 a barrel, with an eye once again on the war in Iran.
At the end of the session, WTI futures contracts, the benchmark crude oil in the United States, added US$4.25 compared to the previous close.
After concluding the visit of the president of the United States, Donald Trump, to China, investors are once again focusing on the war in Iran, according to specialized media.
In an interview with Fox NewsTrump warned that he will not be “much more patient” with Iran: “They should reach an agreement,” he noted.
The president also assured the press, from Air Force One, that Iran’s proposal so far is “unacceptable” and that he discarded it after seeing “the first page.”
Regarding his visit to Beijing, it was marked by the economic disruptions derived from the war with the Persian nation and by the apparent harmony between Trump and his Chinese counterpart, Xi Jinping, on the need to reopen the Strait of Hormuz.
Trump described his state visit to China as “very successful,” according to Xinhua, and once again presented Xi as an “old friend” with whom he has a “good relationship.”
In addition, he stated that he agreed with Xi that Tehran could not have a nuclear weapon and must reopen the Strait of Hormuz, where China receives much of its oil.
On the other hand, the US State Department announced today that representatives of Israel and Lebanon agreed in Washington to extend the ceasefire declared on April 16 for 45 days.
Likewise, the delegations of both countries agreed to hold a new round of peace negotiations on June 2 and 3 and a military meeting at the Pentagon on May 29.