The spike in oil prices was not a good look politically or economically for President Donald Trump after the U.S. and Israel launched their war on Iran, but the military campaign is going well, according to the Institute for the Study of War.
Crude eased somewhat on Monday on signs that more tankers are passing through the Strait of Hormuz, which Iran has virtually locked up after hitting commercial ships. That comes as Iran’s top source of leverage is fading.
