๐๏ธ iran โ the biggest news of the week
This is the story that changes everything. Trump authorized the toll-free reopening of the Strait of Hormuz on June 14, and a formal signing ceremony for a peace deal is set for June 19 in Switzerland ๐จ๐ญ WTI crude dropped roughly 3.2% to $84.88/barrel on the news โ the lowest level in weeks.
๐๏ธ Hormuz reopening authorized by Trump
๐ Peace deal signing ceremony: June 19, Switzerland
๐ข๏ธ WTI dropped -3.2% to $84.88/barrel
๐ Lower oil = lower inflation pressure = better case for risk assets
โ ๏ธ Deal not signed yet โ durability still to be confirmed
Lower energy prices reduce inflation pressure and improve the broader macro case for $BTC and risk assets. This is the most consequential potential catalyst of the entire conflict โ if the signing on June 19 goes through cleanly. ๐
#USIranDealConfirmed #OilPriceFalls #DYOR* #oil #hormuzopen
This is the story that changes everything. Trump authorized the toll-free reopening of the Strait of Hormuz on June 14, and a formal signing ceremony for a peace deal is set for June 19 in Switzerland ๐จ๐ญ WTI crude dropped roughly 3.2% to $84.88/barrel on the news โ the lowest level in weeks.
๐๏ธ Hormuz reopening authorized by Trump
๐ Peace deal signing ceremony: June 19, Switzerland
๐ข๏ธ WTI dropped -3.2% to $84.88/barrel
๐ Lower oil = lower inflation pressure = better case for risk assets
โ ๏ธ Deal not signed yet โ durability still to be confirmed
Lower energy prices reduce inflation pressure and improve the broader macro case for $BTC and risk assets. This is the most consequential potential catalyst of the entire conflict โ if the signing on June 19 goes through cleanly. ๐
#USIranDealConfirmed #OilPriceFalls #DYOR* #oil #hormuzopen