Fundamental Forecast for USOIL: Bullish
Talking Points:
Trump is making a bigly impact in the world of geopolitical politics and its helping crude oil traders with long exposure. 18-months after US president Donald Trump's presidential victory that sent stocks higher and the US Dollar aggressively higher still, other world leaders have taken to his brand of calling them like they see em'.
The Iran Decision – The Next Shoe to Drop In The Market
Two week's ahead of Trump's decision as to whether or not the US will exit the Iran accord and introduce sanctions on the third largest producer of OPEC, Israeli Prime Minister Benjamin ‘Bibi' Netanyahu, who is Trump's close ally, gave an artful presentation with PowerPoint on live television calling Tehran liars.
The presentation said that Tehran has been lying about pulling back on nuclear advancement and he made his case by revealing ‘secret nuclear files' from Tehran.
Not to be outdone, Iranian Foreign Minister Mohammad Javad Zarif responded this week by saying they would not negotiation on such grounds and that the US is “bullying” Iran by potentially imposing sanctions that would withdraw capital from the country.
