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Crude oil prices traded higher, Brent Crude traded near 83 dollars per barrel and WTI Crude traded near 79 dollars per barrel (at the time of filing this copy). Worries on supply disruptions mounted after Iran published a restrictive draft plan for the Strait of Hormuz. As per reports, the draft plan published by Iran suggests the country will ban US and Israeli ships from transiting the Strait. Until compensation is paid, other nations that have harmed Iran will not be allowed to transit, according to the draft. Global oil expert and CEO-Australia, Trading.com Peter McGuire told Times Now Digital, “the market is the market, it really is difficult to say anything at this point as so much is unknown. The market is also determined it was oversold. We are still in a state of confusion as 2 different nations have very different views and this could then mean different outcomes, so a lot is unclear at the moment.”