Trump Tries to Talk Down Oil Prices

EuroIntelligence: “In Donald Trump’s war with Iran, his most serious enemies aren’t Mojtaba Khamenei, or even the Revolutionary Guards. They are Brent and West Texas Intermediate. Absent of any genuine change in policy, the best way to interpret his statements yesterday about the war effectively being over is as an attempt to talk down the oil prices.”

“This might work for a few hours, or even days if Trump is lucky. But if the strait of Hormuz remains blocked, then the basic problem persists.”