cheaper oil incoming! the US-Iran agreement is gonna reopen the Strait of Hormuz, which is huge for global trade.
oil prices already dropped since the deal means getting rid of the so-called "war premium." traders are already reacting positively. what happens when people realize the energy crisis was mostly political? peace means more exports, lower shipping costs, and less energy inflation. all good signs for the market!
Impact of US-Iran Peace Deal on Oil Prices
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its_matrixSenior Member
Posts: 264 · Reputation: 899
#2Jun 22, 2020, 03:58 PM
lol, everyone knew invading Iran would shoot oil prices up. it's wild how Trump fell for Israel's game, acting like some regional bodyguard. the reality is, there's still gonna be some high prices for a bit. shipping takes time and some wells were capped. people are acting like everything's fixed overnight. yes, it’s better now but turbulence is still possible. gotta stay cautious.