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What’s Really Moving Oil Right Now

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Breakdown

0:00OIL· ticker

Oil — down 6% on Iran diplomacy

  • Oil down over 6%
  • Iran-Qatar mediators discuss deal
  • Hamoose street potentially reopened
  • Draft proposal circulating
  • More meetings possible
0:01GOLD· ticker

Gold — additional supply reduces premium

  • Additional gold supply reducing premium
  • Geopolitical premium reduced
  • Political timetable introduces uncertainty
0:02USD· ticker

USD — Trump's stance on Iran

  • Trump no intention to attack Iran before midterms
  • Midterms just tomorrow
  • Netanyahu pressing Trump for bombing
  • Trump favors negotiations
  • Military options remain available
0:03OIL· ticker

Oil — market sentiment mixed

  • Oil market praises diplomatic breakthrough
  • Risk of war resuming in days
  • All options on table post midterms

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