Trump Says Iran Tensions, Oil Spike Won’t Last Long
Summary
- President Donald Trump said the tensions involving Iran and the recent spike in global oil prices will not last long.
- Global oil prices have surged above $100 a barrel amid tensions around the Strait of Hormuz and concerns about supply disruptions.
- Markets are focused on whether progress in US-Iran talks and changes in Middle East geopolitical risk will affect global oil prices and volatility across global financial markets.
Forecast Trend Report by Period
President Donald Trump said the tensions involving Iran and the recent spike in global oil prices will not last long. Markets are watching for signs that strains in the Middle East may ease.
On May 19, Trump said the Iran situation and oil-price moves "won't last very long," Walter Bloomberg reported.
The US and Iran have remained at odds in recent weeks over nuclear talks and the possibility of a military clash.
Trump had previously said he temporarily delayed a planned military strike on Iran at the request of Middle Eastern countries.
Global oil prices have surged above $100 a barrel amid tensions around the Strait of Hormuz and concerns about supply disruptions.
Markets are focused on whether progress in US-Iran talks and changes in geopolitical risk in the Middle East will affect global oil prices and volatility across financial markets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
