Oil prices take a nosedive as Trump teases an Iran deal
Markets are reacting fast to a single social media post that could change global energy flows overnight.
Energy traders are currently losing their minds because Donald Trump Trump hopped online to announce that a massive deal with Iran is dropping this Friday. Apparently, this is supposed to unlock the Strait of Hormuz for everyone again.
Oil prices are plummeting just because of a few sentences on the internet. It turns out the market is terrified of the idea that tankers might actually be able to move freely without a geopolitical standoff happening every Tuesday.
Gas prices rely more on the mood of a single person's feed than on actual geology.
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