Crude Slips as Iran Strike Fears Fade After Trump Says No Attack
Crude oil retreated as Trump ruled out US strikes on Iran, prompting traders to unwind the geopolitical risk premium. Iran's response remains the focus.
Crude oil retreated as Trump ruled out US strikes on Iran, prompting traders to unwind the geopolitical risk premium. Iran's response remains the focus.
An oil price increase can impact airfares, grocery costs, bond yields, and stock markets through inflation and monetary policy.
US stocks open for Columbus Day but bond markets are closed, with thinner liquidity and Iran headlines posing risks.
Citrini Research says weekend oil trading on Hyperliquid during the Iran conflict marks a shift for tokenized assets.
US commanders are ready to launch a three-day campaign against Iran's energy, missile, and command targets within days if President Trump approves.
Crypto liquidations topped $1bn in 24 hours as Bitcoin fell to $80,393 ahead of the 10/10 crash anniversary.
Oil rose about 4% Thursday on Middle East tensions and Gulf storm shut-ins; gains pared after Trump ruled out pre-midterm Iran strike.
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Bitcoin fell below $81,000 on Thursday as oil surged and a Fed official signaled more rate hikes are likely.
Unconfirmed Arab sources report multiple severe explosions in the Strait of Hormuz, targeting a tanker.
Trump said the US will not attack Iran before the November 3 midterm elections, easing oil market concerns.
Crude oil futures test a key swing area, giving traders a level to define risk and short-term bias.
Bison Interests CEO Josh Young says oil inventories are depleting and warns of currency debasement, with WTI fair value near $105.
Brent crude jumped nearly 5% to about $105 per barrel on reports of renewed US strikes on Iran, reversing earlier declines.
Treasury yields rise, oil prices surge, and European stocks fall as inflation worries persist.