Tensions in the Middle East continue to escalate! Iranian President Pezeshkian has declared: “If the United States faithfully honors the original memorandum of understanding, we will respond in kind; it has never been us who breached the agreement—it’s the U.S.” As these two leaders trade blame, markets are rattled—Brent crude surges to $91.34, while U.S. oil climbs to $86.77. Such a sharp rise in oil prices risks reigniting imported inflation, potentially derailing the Fed’s plans for rate cuts. Traders with heavy positions: stay grounded and keep ample liquidity ready for volatility.
