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Strategies & Market Trends : Natural Resource Stocks

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isopatch

From: roguedolphin	6/24/2025 12:42:05 PM
	1 Recommendation Read Replies (1) of 108588

Trading Economics; WTI crude futures fell by around 5% to $65.2 per barrel, extending a 7.5% loss in the previous session and trading below levels seen on June 12 when Israel attacked Iran. > The decline followed President Trump's announcement of a ceasefire between Israel and Iran, which both sides appear to have accepted. The news eased concerns over potential oil supply disruptions and the closure of the Strait of Hormuz through which more than a fifth of the world’s oil supply passes through daily. > However, the truce remains fragile, as Israel has already accused Iran of violating the agreement, warning of new missile attacks from Iran and vowing to retaliate. > Meanwhile, the International Energy Agency had previously reassured markets that it holds 1.2 billion barrels in emergency stockpiles that could be deployed if needed. > Also, some OPEC+ producers have already been increasing output and possess additional spare capacity that could be brought online. MY TAKE: What are the odds of Iran agreeing to an unconditional surrender and giving up their ballistic missiles? Dan Steffens Energy Prospectus Group

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