Post #3430453
2026-06-23 00:50 UTC
Let's see if he turns out to be right
"... you just follow the oil price trading pattern here over the past couple of weeks, you’re seeing the markets telling you that it’s increasingly confident that we’re closer to the end of the conflict,” said managing director of US Equity Strategy at Citi Research Scott Chronert on CNBC’s “Squawk Box Asia”.
“This energy price overhang with its inflation connotation should be lessening in the weeks and months to come,” he added. "
https://www.cnbc.com/2026/06/23/oil-prices-rise-as-investors-mull-middle-east-developments-.html
Replies (1)
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@jmcrookston@mastodon.social 2026-06-24 17:27
Ship traffic is still well under regular traffic levels. Marco Rubio says everybody agrees there should be no tolls. Iran says the strait will never go back to the way it was. (PBS news today) 🍿 More reserves eaten up. Time is on Iran's side. Fertilizer is 30% more expensive and 7 and 10 farmers say they can't afford it for September. (News yesterday, but I forget which news outlet) Trump needs to voting amendments so he can steal the election. That's why he's so insistent.