International oil prices have just put on a high-altitude parachute jump. Ahead of the midterm elections, US stocks, cryptocurrencies, and A-shares are very likely all to benefit from a round of upside.

On the evening of September 22, WTI crude fell by more than 2%, dropping below $91. Brent also slid, losing the $96 level.

Behind this sudden plunge, the winds of geopolitics are quietly shifting. Iran’s presidential aircraft flew to New York to attend the United Nations General Assembly, and the Revolutionary Guard also sent a message: if national interests require it, we can negotiate while fighting.

The signals are clear: both the US and Iran are looking for a way to step down. On top of that, China’s leader visited the US to help drive improvements in China-US relations, and the international environment is entering a rare period of easing since Trump took office. At least before the midterm elections, US stocks, cryptocurrencies, and A-shares are very likely all to enjoy another wave of benefits.

This chess match seems to be moving in a direction that benefits everyone.

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