Oil Down and Tension at the Limit
The "15-Point Plan" of #TRUMP shakes the Markets while Iran digs in
The global market is experiencing dizzying hours. While crude #WTI plummets below $89 under the shadow of a possible ceasefire, Tehran responds with a diplomatic slam.
The disconnect between U.S. peace efforts and Iran's war rhetoric is turning commodities into a financial "yo-yo," leaving investors searching for shelters beyond the barrel.
The crash of crude: Oil prices have erased Tuesday's gains (where they rose $4 per barrel), falling 3.91% to $88.74. The market is "selling the news" of a possible agreement, easing fears of a supply shortage.
Diplomacy in the air: The Trump administration has put on the table a 15-point plan to stop the conflict that began on February 28. However, the Iranian state agency FARS has been blunt: they label the proposal as "fake news" and assert that it is illogical to negotiate with those they consider "violators of agreements."
Iran holds the pulse: Despite international pressure, Tehran claims that it will only stop hostilities once its "strategic objectives" are achieved. This refusal for a ceasefire suggests that the calm in oil prices may just be a temporary mirage.
While oil fluctuates violently, #bitcoin and #altcoins show surprising resilience, consolidating as assets that, for now, seem to ignore the geopolitical risk premium that punishes commodities.
$QQQon
