Daily on Energy: Trump says Strait is open, but do oil traders believe him?

Daily on Energy: Trump says Strait is open, but do oil traders believe him? centers on U.S. energy policy and market reaction as tensions in the Middle East affected crude flows. The White House plans to expand its “Ratepayer Protection Pledge” so utility companies and data center developers voluntarily commit that data center growth won’t raise household electricity bills, widening an earlier Big Tech-focused effort, according to Reuters. Separately, escalating U.S.-Iran tensions over the weekend slowed tanker traffic through the Strait of Hormuz and pushed oil prices up by more than 9%. President Donald Trump said the strait is open and will remain open, despite Tehran’s claim it was closed. He also said the U.S. will reinstate its blockade of Iranian vessels, allow other countries access, and reimburse 20% on cargo shipped through the waterway.