Price action today was dominated by Iran saving face by striking an empty US base in Qatar after notifying the US and Qatar of their intention, then stating they are willing to talk. That sure seems constructive, and in turn had oil down -7%, which admittedly only gets it down to prices of a week and a half ago.
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Peace Overtures
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Price action today was dominated by Iran saving face by striking an empty US base in Qatar after notifying the US and Qatar of their intention, then stating they are willing to talk. That sure seems constructive, and in turn had oil down -7%, which admittedly only gets it down to prices of a week and a half ago.