Jackosen
03-11
if the war drags on, even the reserve will run out eventually.
Crude Crashes 10% on Ceasefire: Is Energy Risk Premium Gone?
The U.S. Oil Fund USO plunged 9.78% to $124.58 after President Trump announced a two-week ceasefire with Iran, sharply unwinding the geopolitical risk premium as fears over sanctions escalation and Strait of Hormuz disruption rapidly receded. The rapid collapse in geopolitical premium, compounded by renewed expectations of an OPEC+ supply increase pathway, created dual downward pressure on crude. If the two-week negotiation window collapses without a deal, could oil stage a sharp retaliatory rebound?
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