Key insights
- Trump's claim of a deal with Iran was quickly refuted, increasing geopolitical uncertainty. This could lead to short-term oil price volatility and risk aversion in equity markets, though the direct impact on US equities is likely limited unless tensions escalate significantly.
https://www.thedailybeast.com/trump-claims-iran-has-agreed-to-everything-ahead-of-market-closure/
Iran immediately shut down President Donald Trump’s claim that it had “agreed to everything” the United States demanded, including handing over its enriched uranium.
Instead, Iran’s foreign ministry said on Friday afternoon that its uranium was not going anywhere. ( doh !!!! )
“Iran’s enriched uranium is not going to be transferred anywhere; transferring uranium to the United States has not been an option,” Iran’s foreign ministry spokesperson Esmaeil Baghaei told Iranian state broadcaster IRIB, according to CNN.
So if the deal isn't real or being actually negotiated and the strait is now re-closed ?
Long OIL it is !! This may not be a forever war but it is a forever cluster of the first order !
I am trimming a lot of my positions Monday and just going off a true RSI based strategy for the time being ................ there is way way way too much noise on the government side to trust anything said .......... earnings and price action !! Those numbers don't lie ....... I hope :/