From what I am reading in the media outlets it went down because: "US President Donald Trump predicted the war in the Middle East could end soon" and also that he held a *call* with president Putin about settlement.
However, none of the fundamentals have at all changed; the mindset in the Iranian leadership also remains that if they don't permanently kick out US presence in the ME, they'll just be assassinated in 6 months.
Are traders actually this addicted to Trump's social media statements or is there a larger trend at play that I am missing here?
By the way, why would Russia ever want quick peace in the ME? This is finally there opportunity to get back at the US with a proxy conflict of their own.
https://www.timesofisrael.com/oil-prices-plunge-after-trump-predicts-quick-end-to-middle-east-war/
Posted by The_Three_Factors
2 Comments
It’ll be back up come next week. Something will happen one hour after market close Friday lol.
Well the largest refinery in the region in Abu Dhabi was hit today and is currently closed, waiting for the US to wake up and see this…