Peaked at #2 Now #2
US Oil Prices Surge on Iran Tensions
The Kobeissi Letter says US oil prices surged to their highest since September 17 as US-Iran tensions escalate.
Key points
- US oil prices surge to their highest level since September 17th as US-Iran tensions escalate.
- The Nasdaq 100 extends losses to over -2% on the day, now down -7% from its high seen 10 days ago, as US oil prices surge above $100/barrel.
- Trump says oil prices are going to come down very soon.
- Iran's president says Tehran is not seeking nuclear weapons and is ready for dialogue, as Iran signals openness to dialogue and oil prices decline.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
What others are saying
4 more-
Kobeissi notes Nasdaq 100 losses exceed 2% as US oil tops $100 and inflation worries mount.
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Treasury Secretary Bessent and Rubio sanctioned an Iraqi bank funneling dollars to Iran and a Cuban bank aiding the regime.
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Trump says oil prices going to come down very soon.
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Rattner says Trump's claim gas is cheaper than under Biden is false: $4.35 now vs $3.46 average and $3.01 at Biden's exit.
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Top replies on X
Reaction on X: Most replies are skeptical, questioning where oil prices are actually declining and noting that such headlines recur every weekend for seven months; one reply cites Iran saying it will push Americans beyond 500 km from its shores.
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From @ZmansEnrgyBrain, @_gg_23, @tummler_af and others. Spam removed, with English and Chinese translations.
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