#Trump may be talking about a #war already won, but someone forgot to send #Iran the memo as Tehran steps up attacks on ships in the Gulf waters, warning the world of #oil prices at $200 a barrel.
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#Trump may be talking about a #war already won, but someone forgot to send #Iran the memo as Tehran steps up attacks on ships in the Gulf waters, warning the world of #oil prices at $200 a barrel.
Oil's reaction to a record release plan from the International Energy Agency is telling. 400 million barrels is only around 20 days of the supply that has been lost, so clearly investors are more worried about the prospect of a lengthy blow to supply than what Trump says.
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#Trump may be talking about a #war already won, but someone forgot to send #Iran the memo as Tehran steps up attacks on ships in the Gulf waters, warning the world of #oil prices at $200 a barrel.
Oil's reaction to a record release plan from the International Energy Agency is telling. 400 million barrels is only around 20 days of the supply that has been lost, so clearly investors are more worried about the prospect of a lengthy blow to supply than what Trump says.
Two fuel tankers are burning in Iraqi waters after being attacked by Iran's explosive-laden boats, forcing the country's #oil ports to halt operations. Oman has reportedly cleared all vessels out of its main oil export terminal, taking no chances.
That was enough to send Brent crude futures back above $100, up nearly 9% at $100.07, having hit as high as $119.5 earlier this week. US crude also gained 8% to $94.25.
#Trump #US #Iran #war #inflation #economy #geopolitics #MiddleEast
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Two fuel tankers are burning in Iraqi waters after being attacked by Iran's explosive-laden boats, forcing the country's #oil ports to halt operations. Oman has reportedly cleared all vessels out of its main oil export terminal, taking no chances.
That was enough to send Brent crude futures back above $100, up nearly 9% at $100.07, having hit as high as $119.5 earlier this week. US crude also gained 8% to $94.25.
#Trump #US #Iran #war #inflation #economy #geopolitics #MiddleEast
When asked about the #war, #Trump said the #US was "going to look very strongly at the straits." [whatever that means]
Share markets did not take it well. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.6% to snap two days of consecutive gains. Japan's Nikkei dropped 1.7%.
Both S&P 500 futures & Nasdaq futures fell 1%. Over in Europe, EUROSTOXX 50 futures slipped 1.1%.
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When asked about the #war, #Trump said the #US was "going to look very strongly at the straits." [whatever that means]
Share markets did not take it well. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.6% to snap two days of consecutive gains. Japan's Nikkei dropped 1.7%.
Both S&P 500 futures & Nasdaq futures fell 1%. Over in Europe, EUROSTOXX 50 futures slipped 1.1%.
All of that will be inflationary, prompting bond markets to raise borrowing #costs worldwide. Forget about rate cuts. Of the five #CentralBanks meeting next week in the United States, Europe, Britain, Australia & Canada, traders bet none will be easing & one - Australia - will be hiking.
#Trump #US #Iran #war #ForeverWars #inflation #economy #affordability #CostOfLiving #oil #energy #geopolitics #MiddleEast
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#Trump may be talking about a #war already won, but someone forgot to send #Iran the memo as Tehran steps up attacks on ships in the Gulf waters, warning the world of #oil prices at $200 a barrel.
Oil's reaction to a record release plan from the International Energy Agency is telling. 400 million barrels is only around 20 days of the supply that has been lost, so clearly investors are more worried about the prospect of a lengthy blow to supply than what Trump says.
@Nonilex $200 for a barrell of oil means Iran, Israel, and the US are helping Putin out of his economic mess and continue his campaign against Ukraine.
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