🛢️ OIL PRICE 100$ & US-IRAN NEGOTIATIONS: STORM ON THE HORIZON? 📉
On the morning of 04/17, the market was ablaze with extreme volatility:
📍 Oil Price: Brent hit $99.39, WTI close to $95. The blockade of the Strait of Hormuz remains tight, causing supply tensions.
📍 Negotiations: After the breakdown in Islamabad, President Trump unexpectedly announced that the US - Iran are "very close" to a deal. A new round of talks could happen as early as this weekend!
📍 Trend: The market is holding its breath (Side-way).
• Good news: Deal signed -> Oil crashes, Crypto (BTC/SOL) soars.
• Bad news: Negotiations fail -> Oil surpasses $100, Market in the red. We're waiting for BTC at 72,000 or 82,000.