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Now, everything depends on this person's words for the rise and fall!
Analyst: Trump's speech drives oil prices soaring, risk premium surges
Crude oil futures prices surged after Trump made a speech on Iran war, which dampened traders' expectations of a quick resolution to Middle East conflicts. TP ICAP analyst Scott Shelton stated in a report: "Most of this week, oil prices were under pressure, but Trump's speech caused prices to skyrocket overnight. The speech leaned more towards escalation and 'completing the mission,' with little mention of peace negotiations." He pointed out that although this move may be aimed at forcing Iran back to the negotiating table, the risk premium has risen sharply. $ETH