Brent crude exploded above $111 in Asian trading as traders returned from the weekend facing a geopolitical backdrop that had deteriorated sharply on multiple fronts at once. The failed Trump-Xi summit removed hopes for any immediate diplomatic stabilization. US President Donald Trump then escalated rhetoric dramatically with his “the Clock is Ticking” warning to Iran […]
The post Oil Breaks Above $111 as US-Iran Conflict Enters Dangerous New Phase appeared first on ActionForex.
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