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US President Donald Trump says US may strike Iran again if there’s no deal soon

US President Donald Trump threatened to resume attacks on Iran in “two or three days” as part of the push for a deal to end the war, after he said he had just called off a US attack, Bloomberg reported on Tuesday.

🔗 Source

💡 DMK Insight

Trump’s threat to escalate tensions with Iran could shake up oil markets significantly. Geopolitical instability often leads to spikes in crude oil prices, and with the current volatility, traders should keep a close eye on Brent and WTI benchmarks. If tensions escalate, we could see oil prices break above key resistance levels, which could trigger a wave of speculative buying. Historically, similar threats have led to price surges of 5-10% in a matter of days, so the potential for quick gains is there. On the flip side, if negotiations progress instead, we might see a sharp pullback in oil prices, presenting a risk for long positions. Watch for any developments in the next few days, especially around the $80 mark for Brent, which could act as a psychological barrier. If prices breach this level, it could signal a strong bullish trend. Conversely, if Trump’s rhetoric cools down, traders might want to consider shorting oil futures as a hedge against a potential downturn.

📮 Takeaway

Monitor Brent crude around the $80 level; a breach could signal a bullish trend amid rising geopolitical tensions.

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