Markant fall i oljeprisen etter Trump-utspill

Donald Trump, in a post on his social media platform Truth Social, stated that the United States would not attack Iran until the midterm elections on November 3rd. The oil price (brent spot) dropped immediately by two dollars, from $105.3 to $103.3, according to data provider Infront. Trump mentioned productive conversations with Iran while emphasizing that the American blockade of Iran would continue.

He also warned Iran against developing nuclear weapons. Trump noted that a record amount of oil passed through the Strait of Hormuz, with 22 million barrels passing through the strait in a single night. None of these barrels came from Iran or were bound for it. The yield of U.S. ten-year Treasury bonds also fell slightly to 5.26 percent following his statements.

Oil prices surged over four percent to over $105 per barrel on Thursday morning. Simultaneously, U.S. ten-year Treasury yields increased again, reaching over 5.35 percent. Bloomberg points out that oil prices jumped after the Houthi militia attacked two airports in Saudi Arabia, reports from The Atlantic indicate that the U.S. is considering new attacks on Iran, and numerous attacks on tankers in the Persian Gulf were reported in recent times.

Additionally, oil companies in the Gulf of Mexico have started to cut production in anticipation of the tropical storm Isaias, according to the Wall Street Journal.