- US0%
BlockBeats News, July 15th, Trump confirmed on Tuesday that the US and Iran had a dialogue, urging Tehran to reach an agreement. Eamonn Sheridan, an analyst at the US financial website Investinglive, said that Trump's remarks (in the interview) indicate that there will be no de-escalation in the short term, consolidating the geopolitical risk premium that has been factored into oil and diesel prices following recent concerns about supply in the Strait of Hormuz.
He revealed that Iran's energy infrastructure has not been hit at the moment, indicating that Washington still retains the option of significantly escalating the situation. This factor may prompt traders to continue pricing in tail-end risks to regional oil supply.
At the same time, while confirming dialogue with Tehran amid ongoing pressure, contradictory signals were released, implying that even with continued military pressure, there may still be a negotiating path. Given that the energy infrastructure issue directly affects actual supply, the market may remain highly sensitive to any changes in rhetoric regarding energy facility issues. (Golden Finance)
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