stateofharmoz

World is watching closely 👀
USA 🇺🇸 vs Iran 🇮🇷 tensions are rising again…
Strait of Hormuz under pressure, global markets reacting, and crypto volatility increasing.

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Crude oil prices dropped sharply, falling around 4% as markets reacted positively to signs of easing tensions between the US and Iran.
Investors are unwinding the risk premium that had been supporting oil prices during the period of geopolitical uncertainty.
Expectations that shipping routes through the Strait of Hormuz will remain accessible and that global supply disruptions may be avoided have improved market sentiment, putting pressure on crude prices.
Is it the right time to go short? Possibly, but after such a rapid decline, a temporary rebound wouldn't be surprising.
At the moment, momentum appears tilted toward lower oil prices as traders continue to assess the broader implications of the agreement and its effect on global energy supplies.

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Market watch

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