Oil flows in the Middle East have recovered to more than 80% of prewar levels, which is undoubtedly good news. If they return to February’s levels, inflation will fall, the economy will get back on track, and we’ll enter a rate-cutting cycle. Countries around the world were preparing to gradually reduce their high debt through quantitative easing, but the war with Iran has forced everyone to raise interest rates, including the Fed.
Brent crude has already fallen below $100, which is exactly what Trump wants: lower oil prices and a continued rise in U.S. stocks. The Nasdaq hit a record high yesterday. This is very beneficial for him in the midterm elections. These two developments were anticipated earlier, and now they seem to have been the right call.
Brent crude has already fallen below $100, which is exactly what Trump wants: lower oil prices and a continued rise in U.S. stocks. The Nasdaq hit a record high yesterday. This is very beneficial for him in the midterm elections. These two developments were anticipated earlier, and now they seem to have been the right call.