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Well this is worrisome:Not satisfied with Iran’s latest proposalNot sure we’re going to get a dealWe’re negotiating by phoneI just had a conversation with IranWe now have talks going on, they’re not getting thereoptions: either blast them away or make a deal, when this war ends oil, gas and everything will come tumbling downNot worried about US missile inventoryWill probably go to the G7 in FranceTrump on potential Iran strikes : why would i tell youIranian leaders are in disagreement among themselvesIran is asking for things I cannot agree withI’m not satisfied because the Kurds didn’t deliver the weapons we sent to reach Iran during the protestsThere is always nuance in Trump’s comments live that’s sometimes hard to pick up in text. Here is exactly what he said:”I’m not satisfied…They want to make a deal, but I’m not sure they’ll get there.”He also said “They’ve made strides but I’m not sure if they ever get there.”It’s Friday and the US continuing a military buildup in the region so it’s not clear what happens next. You would hate to see another round of strikes but a report this week said that was one of the options that Trump was considering. If the targets are Iran’s energy and bridges then Iran has pledged to strike back against regional oil infrastructure. If both sides are successful then it’s a big mess because the oil that’s offline can’t come back for many months, maybe years. It’s a nightmare scenario and it’s why Trump shouldn’t do it but with him you never know. He seems to be quite happy that tankers are going to the US to buy oil. Notably, Chevron and Exxon said today that they weren’t planning to increase drilling but is instead focused on free cash flow.
This article was written by Adam Button at investinglive.com.
💡 DMK Insight
The ongoing tension with Iran is a significant concern for traders, especially in the energy sector. With negotiations stalling and no clear resolution in sight, the potential for conflict could lead to supply disruptions, which would spike oil and gas prices. Traders should be aware that any escalation could push Brent crude above recent resistance levels, impacting not just energy stocks but also broader market sentiment. Moreover, the uncertainty surrounding these negotiations could lead to increased volatility in related markets, including currencies tied to oil exports. For instance, the Iranian rial and currencies of oil-dependent nations could see sharp fluctuations. It’s worth noting that this situation mirrors past geopolitical tensions that have historically led to price spikes in crude oil. Traders should keep an eye on key levels, particularly if Brent approaches $90 per barrel, as this could trigger further buying or selling pressure. In the short term, watch for any news updates from the negotiations, as they could serve as catalysts for market movements. The next few days will be crucial for gauging market reactions to any developments.
📮 Takeaway
Keep an eye on Brent crude prices; a breach above $90 could signal increased volatility and trading opportunities.
