🇺🇸 🇮🇷 Daily news recap: Brent crude just topped $110 for the first time since May... and the oil market is betting this war gets worse.
The traders moving billions of dollars through oil markets see intelligence most people never will, and the price they're paying points to a long fight:
"The market is saying that, hey, we expect this to continue and not just a 3 or 4 day strike, but we expect this to descend into the escalation trap."
Nobody bids oil to $110 because they expect a quick weekend of airstrikes.
@WeTheBrandon
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Baseer Ullah @BaseerU91552443 ·
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@MarioNawfal So now one could easily imagine about the real boss keeping oil prices at certain level,,,,and the boss is Iran replaced US



































































