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14.01.26 - 22:27
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Trump Appears To De-Escalate Iran Rhetoric, ′Killing Has Stopped′ - Oil Tumbles (ZeroHedge)
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Trump Appears To De-Escalate Iran Rhetoric, 'Killing Has Stopped' - Oil Tumbles
There are reports that President Trump is listening to the non-interventionists in his cabinet, as he says Thursday afternoon he's been told that the killing in Iran is stopping, and with no plan for executions. WTI futures immediately dropped on the newswires:
WTI fell from USD 62.30 to lows of 59.80/bbl over 7 minutes.
Brent fell from 66.80 to 64.20 over the same time frame.
With Trump noting Iran has no plans for executions, it drastically reduces the chances of the US attacking Iran, particularly a kinetic attack.
Expectations of an attack had been building today with reports suggesting it could happen within 24 hours, which saw crude gain throughout the session; several nations urged citizens to leave Iran.
S&P 500 ENERGY INDEX PARES GAINS AFTER TRUMP IRAN COMMENTS
Iran FM: There is calm, we are in full control, Fox News reports
Via Bloomberg... Trump has an "out" and Iran strikes appear t...
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