đš OIL ISNâT REACTING LIKE IT USED TO.
That may be the biggest signal in the entire US-Iran conflict.
Brent has gained only around $2 after the Iran-US MoU expired and Iran reportedly shifted to a âfully offensiveâ strategy.
Compare that with earlier shocks:
Feb 28: War begins â +$19.88
Mar 9: Hormuz shuts â +$26.80 intraday
Apr 8: Ceasefire â -$14.50 in ONE day
May 4: Blockade threat â +$19.69
Jul 2: MoU signed â -$42.65 from the high
Jul 13: Blockade reinstated â +$7.30
Aug 18: âFully offensiveâ â just +$2
The market is reacting less and less to each escalation.
That could mean traders are becoming desensitizedâŠ
Or the oil market is signaling that the risk is already largely priced in.
Either way, this is a major shift.
Watch Brent.
#Oil #Brent #Iran #Geopolitics #Markets $CL $BZ
That may be the biggest signal in the entire US-Iran conflict.
Brent has gained only around $2 after the Iran-US MoU expired and Iran reportedly shifted to a âfully offensiveâ strategy.
Compare that with earlier shocks:
Feb 28: War begins â +$19.88
Mar 9: Hormuz shuts â +$26.80 intraday
Apr 8: Ceasefire â -$14.50 in ONE day
May 4: Blockade threat â +$19.69
Jul 2: MoU signed â -$42.65 from the high
Jul 13: Blockade reinstated â +$7.30
Aug 18: âFully offensiveâ â just +$2
The market is reacting less and less to each escalation.
That could mean traders are becoming desensitizedâŠ
Or the oil market is signaling that the risk is already largely priced in.
Either way, this is a major shift.
Watch Brent.
#Oil #Brent #Iran #Geopolitics #Markets $CL $BZ