🔥 WORLD OIL CRASHES! TOO FAST TO TRUST PEACE?
World oil prices are preparing to close June with a nearly 20% drop. Brent is down about US$19 per barrel, while WTI has fallen about US$16 per barrel compared to the end of May.
The issue? The market seems to assume the US-Iran ceasefire is already permanent. But in reality, there is still no certainty!
Donald Trump claims talks with Iran will be held in Doha, Qatar. Iran immediately denied it. One side says there will be a meeting, the other says it’s a lie—there is no schedule.
This is what makes the market look like gambling. A little news of peace sparks a big selling frenzy, as if the threat is already over. Meanwhile, the Strait of Hormuz—the route through which around 20% of the world’s oil supply passes—remains the most sensitive point on this planet.
ING analysts even warn that the market is being too optimistic. This ceasefire is only temporary. A permanent nuclear agreement in the short term is considered very difficult. One misstep, one missile, one political decision alone could cause oil prices to suddenly explode higher.
The market can be calm today. But don’t let your guard down. Geopolitics isn’t over yet, the risks are still alive, and the energy world is still standing on a ticking time bomb.
#Oil #Brent #WTI #Iran #UnitedStates #Qatar #StraitOfHormuz #Energy
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