Oil just hit it’s high of the year at $85/barrel.
Trump cannot afford to have oil at these levels. Gas prices will spike. Inflation will spike. It’s just not feasible for him to justify the Iran War to people if everything starts getting more expensive.Even with his “Trump Put” for tankers and backstopping insurance for vessels, the market continues to take Oil higher. Likely because of refineries continuing to halt/stop production.Once again, Trump cannot afford to let this happen. If he doesn’t step in soon and lets oil run…not sure if the market or the American people will be able to stomach the increase in prices.Source: amit
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