#IranDelegationRefusesToReturnToTalks
The Iranian delegation is throwing a tantrum and moving the negotiation table, but why is oil still tanking? 🤔
These politicians are quite the characters: they just tentatively signed to reopen the Strait of Hormuz, and now they’re "backpedaling" and refusing to talk further. Usually, with instability like this, oil prices should be skyrocketing, but in reality, Brent and WTI are taking a nosedive into the $70-$80 range.
The hilarious reason:
News drops as sell: The market has already digested the temporary ceasefire agreement. With the Strait reopening, oil will be flooding in, so what’s there to worry about the supply!
Political "price manipulation": Iran is sulking to negotiate more benefits, because if they can’t sell oil, who’s going to take the hit first? 😉
Fellow Long/Short traders, be careful with the sparks, politics flips faster than a candlestick chart!
My referral code is VINHTOCDO.
#BinanceSquare #CryptoTrading #OilPrice #VINHTOCDO
$CL
$BZ
The Iranian delegation is throwing a tantrum and moving the negotiation table, but why is oil still tanking? 🤔
These politicians are quite the characters: they just tentatively signed to reopen the Strait of Hormuz, and now they’re "backpedaling" and refusing to talk further. Usually, with instability like this, oil prices should be skyrocketing, but in reality, Brent and WTI are taking a nosedive into the $70-$80 range.
The hilarious reason:
News drops as sell: The market has already digested the temporary ceasefire agreement. With the Strait reopening, oil will be flooding in, so what’s there to worry about the supply!
Political "price manipulation": Iran is sulking to negotiate more benefits, because if they can’t sell oil, who’s going to take the hit first? 😉
Fellow Long/Short traders, be careful with the sparks, politics flips faster than a candlestick chart!
My referral code is VINHTOCDO.
#BinanceSquare #CryptoTrading #OilPrice #VINHTOCDO
$CL
$BZ