U.S. Central Command insisted the key waterway remains open despite Iran’s warning that it is closed to shipping, saying: “Iran does not control the strait. Traffic is flowing.”
Oil Futures are traded on the NY Mercantile Exchange, they trade 23 hours a day (but not on weekends). So any announcement make Friday evening won’t hit the futures market until it opens back up late Sunday.
This is a real “We have always been at war with Eastasia” kind of thing.
When does U.S. announce (again) that they have closed the Strait?
Fridays. Mondays are when it opens, about an hour before the NYSE does.
Oil Futures are traded on the NY Mercantile Exchange, they trade 23 hours a day (but not on weekends). So any announcement make Friday evening won’t hit the futures market until it opens back up late Sunday.