President Trump Indefinitely Extends the Iran Ceasefire. How Will This Impact the Oil Markets? [Globe and Mail, The (Toronto, Canada)]
Exxon Mobil Corporation (XOM)
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Source: Globe and Mail, The
The longer this key waterway remains closed, the greater impact it will have on the oil market and global economy. President Trump extended the ceasefire with Iran on Tuesday, one day before the two-week agreement would have expired. The announcement came as a surprise, given that the President said earlier in the day that bombing would resume if the U.S. didn't reach a deal with Iran by the time the ceasefire expired. However, the President opted to give the "seriously fractured" Iranian government time to submit a "unified proposal" to end the war. The indefinite extension of the ceasefire has major implications for the oil market. Here's a look at how this will impact the oil market and how to position your portfolio for what might come next. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source:
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