U.S. seizes Iranian ship over the weekend
EMERGING ASIA
As per expected, there is no smooth sail in the Middle East. Over the weekend, U.S. seizes Iranian ship which attempts to break their blockade. Iran subsequently suggest retaliation and refused second round talks. It looks like we are back to square one and could see most optimistic gains last week fade. Both the WTI and Brent opened strongly, more than 5 USD/b higher.