Brisbane Times
·general
·1 hour ago
Oil traders are too optimistic about a Trump ‘victory’ in Iran
Oil prices fell overnight as US-Iran negotiations appeared closer to a deal, with Brent crude dropping from $104 to $96 a barrel. However, traders may be premature in their optimism given Trump's inconsistent rhetoric and the likelihood that even a Strait of Hormuz reopening would take months to restore normal market conditions.
Summary by Glance · Brisbane Times
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