Markets & Crypto
Walter Bloomberg
Public Telegram feed monitored for market-moving headlines.
Original English English
OIL PRICES RISE DESPITE TRUMP SIGNALS OF IRAN DEAL
Oil prices climbed Monday after weekend U.S.–Iran exchanges reignited geopolitical tensions.
Brent rose 2.8% to $93.63 and WTI gained 3.4% to $90.29, reversing part of May’s sharp 19% decline in Brent.
The move followed reported U.S. strikes on Iranian radar and drone command sites after Iran downed a U.S. drone, while Kuwait reported missile and drone attacks.
President Trump said Iran “really wants a deal” and that negotiations would prevent it from obtaining a nuclear weapon, though markets remain focused on escalation risk.
Analysts note uncertainty around Middle East supply returning to markets, with outcomes dependent on whether tensions de-escalate or widen.
(@WalterBloomberg)