Part of The US-Iran Escalation · 6 stories · since Sep 1 · newest 13h ago
Oil surges past $108 a barrel as US-Iran war escalates, diesel tops $6Trump says Iran war could last through his term; crude tops $100
5 Sep 10 7:40 PM · 13d ago · 2 articles · 1 post · 3 comments · 4 sources · development 5 of 6
US crude topped $100 a barrel for the first time since May after reports that President Trump told advisers the conflict with Iran could last through the end of his term, dampening hopes of near-term de-escalation.
“but I was told the war was priced in! What happened?!”
artbystorms, Reddit commenter · reddit ↗
Donald Trump US PresidentUS Central Command (Centcom) US military command in the Middle EastIslamic Revolutionary Guard Corps (IRGC) Iran's military force conducting retaliatory strikesHouthi movement Iran-backed group in YemenJordan's armed forces Defender of Muwaffaq Salti Air Base
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What was reported 3 claims about this development
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1 outlet U.S. crude tops $100 for first time since May as Trump told Iran war could last through end of term
first by Seeking Alpha, 13d ago
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first by CTV News, 13d ago
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first by Telegraph India, 14d ago
What people said 4 voices · verbatim
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G
🔴 BREAKING Global Oil Prices Surge to $105 per Barrel Amid Middle East Conflict Brent crude oil prices rose to $105 per barrel, the highest level since May, driven by ongoing conflicts in the Middle East. The surge in energy costs is simultaneously causing a spike in global bond yields, reflecting heightened market volatility and... 📰…
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I am wondering if we are now in a different phase of oil than the last few months. Iran does not seem interested in helping Trump sooth the market anymore as we get closer to midterms. Hell, if anything, if I were them I would do whatever I could to keep the price pumping into midterms.
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but I was told the war was priced in! What happened?! Did traders finally realize that the economy is being held up by matchsticks and that a prolonged war that causes energy inflation could be the gust of wind that blows it all down?!
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We all know US indexes dont reflect anything real. Hell, if inflation does rocket and we dont raise rates, stocks will also rocket and it'll look like everything is fine when its not.
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