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Likes ReceivedLangzi's hawkish stance triggers a short-term oil price surge
Oil prices just surged in the short term because Langzi came out with a hawkish stance,
First, their state media denied the news that negotiations had already started yesterday, saying there would be no talks without a complete ceasefire,
Second, their parliament proposed permanently banning US-Israel related oil tankers from passing through the Strait of Hormuz,
After the news came out, oil prices surged in the short term, but other markets like stocks and gold didn't react much,
I think this is the same as what I said before about not needing to worry about minor frictions, or perhaps the market has become numb after experiencing the previous big fluctuations.
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