Oil markets grow sceptical of Trump signals
A month into the ongoing US and Israeli strikes on Iran, uncertainty continues to dominate global oil markets, with analysts struggling to interpret the signals coming from Donald Trump. Initially, statements and social media posts from the US president had a strong influence on oil prices, triggering sharp movements as investors reacted to any hint of escalation or de-escalation. However, recent developments suggest that traders are becoming more cautious about relying on such signals. Before the conflict began on 28 February, oil prices hovered around $72 per barrel. They later surged, reaching a peak of $118 on 19 March. As of the latest trading sessions, prices remain elevated at just under $112, reflecting ongoing geopolitical tensions. Market analysts say oil prices are now acting as a barometer for broader global risks. According to investment experts, prices tend to rise when […]
