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Deal Or No Deal?
President Trump has delayed the decision whether to enter the Israel-Iran war for two weeks to allow for the last effort of negotiations to reach the diplomatic solution.
The key
Brace For $150/Barrel Oil
Summary
- The last effort of negotiations with Iran likely to fail, and the US is likely to enter the war by bombing the Fordow nuclear site.
- Iran is likely to retaliate by targeting regional energy infrastructure and blocking the Strait of Hormuz.
- Thus, the price of crude oil is likely to spike up to $150/barrel as the situation unfolds.
Commodity Trading Adviser (CTA), member of National Futures Association. Professor of Finance, research on Global-macro issues. Editor-in-Chief, Journal of Corporate Accounting and Finance.
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