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Trump Accepts Deal for Two Week Ceasefire, Saying Sides Are Very Close to a Permanent Deal
Ach.
Sorry I had to get out and do the sanding and varnishing before I lost the light.
I think this is Trump looking for an easy exit but it's possible he's just biding time.
The price of oil moves partly on information but mostly on speculation. Traders bid up the price of oil in anticipation of a shortage later, at which point they can sell for a big profit.
Trump has been playing games with oil traders letting them know: Do not get too far over your skis selling and buying oil for too high a price or I will claim that we are very close a deal or otherwise inject news into the headlines that will cause the price of oil to fall and you to lose money.
So... did he do this to send a shock to oil traders?
I don't know but Clay Travis says oil prices are plunging.
Clay Travis
@ClayTravis
1h
Trump and Iran agree to a two week ceasefire subject to the Strait of Hormuz being immediately opened. The price of oil and gas is plummeting. Yet again all the people losing their minds on Twitter today saying nuclear war was going to happen look like complete morons.
Iran began launching drones and missiles at both UAE and Israel.
Israel, of course, is permitted to fire back. So is UAE.
Tuq'r will find that "disgusting, actually," and will also attack Trump for abusing the poor oil traders.