They are finally starting to talk about the obvious!🛢️
"Citi sees oil prices grinding higher as US-Iran talks falter"
#OOTT#WTI#COM
https://t.co/3zPbcFQThH
The Iran war has exposed a critical flaw in the AI power equation, reminding investors that energy isn’t limitless. While some argue AI will pivot to renewables, Christian Magoon from Amplify ETFs tells Reuters that fossil fuels are the cheapest, fastest path to market
I know oil prices will eventually reach $100+ based on the situation in Iran, Middle East and Hormuz.. But the fact that the market can be manipulated so easily still gives me anxiety..
OIL PRICES RISE DESPITE TRUMP SIGNALS OF IRAN DEAL
Oil prices climbed Monday after weekend U.S.–Iran exchanges reignited geopolitical tensions.
Brent rose 2.8% to $93.63 and WTI gained 3.4% to $90.29, reversing part of May’s sharp 19% decline in Brent.
The move followed reported U.S. strikes on Iranian radar and drone command sites after Iran downed a U.S. drone, while Kuwait reported missile and drone attacks.
President Trump said Iran “really wants a deal” and that negotiations would prevent it from obtaining a nuclear weapon, though markets remain focused on escalation risk.
Analysts note uncertainty around Middle East supply returning to markets, with outcomes dependent on whether tensions de-escalate or widen.