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President Donald Trump said Tuesday that the United States could end its war with ISIS in three weeks. He added to the media in the White House that Iran does not have any nuclear weapons, and that this is what it will achieve. But the energy markets were almost unaffected, for a valid reason.
The real question for the markets is not when the war will end, but when the fatal victory will return.
Oil prices tell the real story
Crude oil rose 55% in March, its biggest monthly gain since its release in 1988. American drivers now pay a national average of $4.02 per gallon, and the average will increase from August 2022.
Trump said that other countries should bear responsibility for the crisis. He pointed specifically to China and the Gulf countries, explaining that the United States is not involved.
So far, the United Arab Emirates remains the only Gulf state that has volunteered to reopen the al-Maai corridor. Bahrain is seeking to issue a resolution from the International Security Council allowing the creation of a major naval force. At the same time, the Iranian foreign minister told al-Jazeera channel that Tehran does not trust that stalling talks with Washington will lead to any result.
The difference between speech and reality widens. Trump sees the conflict as if it is nearing its end, but the shipping lane that leads to its summit is still largely closed. In the absence of a clear plan to reopen, energy price fluctuations will continue after the deadline.
What the traders are watching now: Hormuz
The White House confirmed that Trump will address the nation on Wednesday night about Iran. This word comes only a few days ago Final deadline April 6 which Trump designated for Iran to reopen the Strait of Hormuz. The American administration indicated the possibility of taking military action if it did not comply with the possibility of taking that objection on tankers carrying Iranian crude oil.
However, while Trump is talking about withdrawing, the aircraft carrier group left the George W. بوش – نورفولك يوم التريادة. These mixed signals leave the markets in anticipation to see if anticipating the relief is the next move.
Bitcoin settled at around 67,900 dollars, up 2.2% modestly modestly modestly oil reached a historic high. In all asset classes, prices remain tied to energy costs — and that won’t change until shipping again passes through the Strait of Hormuz.
