Will Cunliffe
Research Analyst, The Officials
We deny your denial
Donnie’s birthday wishes come true, India’s inflation is reaching dizzying heights and non-oil markets are getting giddy
We have a deal?! Prices are in freefall, Western Canadian crude is under pressure and American's sentiment is shifting regarding inflation
More Iranian evasiveness and partial denials of the terms and specifics of any peace deal signing brought the market back up to near 90 bucks. Trump subsequently denied the Iranian denial, calling the leaked terms inaccurate to the real terms. Chris Wright also suggested the sanctions on Iran could be ‘partially’ lifted if an agreement is reached. The reality is the Strait of Hormuz will likely never be open in the way it was before the war. Iran will want to keep some control and flex its muscles. At least the US found some sense and Wright said there will be no US oil export ban to try and suppress prices. T
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