The global oil market has gone completely crazy
Within just two hours, oil prices first dropped by $10 per barrel, and then surged by $11. Such extreme fluctuations have never been seen before.
Trump: The war will end soon.
Oil: - $10
Iran: We will mine the Strait of Hormuz.
Oil: + $10.
This illustrates the extreme volatility of the oil market under the tension between the U.S. and Iran:
- Trump sends signals of easing tensions → oil prices plummet
- Iran threatens to block the Strait of Hormuz → oil prices rebound violently
- The market is completely driven by the expectation of war, with record-breaking fluctuations.
Original article: toutiao.com/article/1859313024972800/
Statement: This article represents the views of the author himself.