#oil #finances #markets #iran #iranwar #trump
How is it that smart people can believe in a liar ?
“Past crises also saw wild swings in the price of oil but the big physical trading houses, which have vast control over oil flows and the hedge funds that have become increasingly prominent players were still largely in control.
This time, it’s different. The reason? Donald Trump, the US president.
Oil has been sensitive to Trump’s comments about the US war in Iran. Yet his view of it seems to change hour by hour.
As oil futures began to trade in Asia on Sunday night, prices surged close to $120 a barrel as the US president said expensive fuel was a “small price to pay” for world peace.
Yet by Monday afternoon, Trump was saying the war in Iran was “very complete, pretty much”, sending crude prices plummeting to below $90. It was the biggest daily swing in dollar terms on record.
Hours later, Trump threatened to hit Iran “20 times harder” if they blocked oil flows, prompting another rise in prices.”
https://www.telegraph.co.uk/business/2026/03/13/traders-are-hanging-on-trumps-every-word-can-they-trust-him/