Post
“'We’ve not seen anything like this — there’s been no disruption of this scale in the past. It’s every oil analyst’s study piece or worst nightmare — one that we never thought would happen.'—Gareth Ramsay, chief economist for BP, on the Iran war’s impact on energy markets"
~ David Kurtz
#Trump #Iran #war #oil #gas #StraitofHormuz #economy #StockMarket
/7
https://morningmemo.talkingpointsmemo.com/p/minnesota-sues-feds-for-evidence
"The evidence for such a claim is the sudden and isolated jump in trading volume in S&P 500 and oil futures about 15 minutes before Trump suddenly announced that the U.S. and Iran were in negotiations to end the war—an announcement that turned out to be false."
#Trump #Iran #war #PredictionMarkets #StockMarket #InsiderTrading #profiteering #OilFutures
/4
"The oil futures trade alone was worth about $580 million, the Financial Times estimated. As Krugman notes, exploiting confidential information for financial gain, otherwise known as 'insider trading,' is illegal. But exploiting confidential information about national security for private financial gain is something else again. It puts profit-making above Americans’ safety."
#Trump #Iran #war #PredictionMarkets #StockMarket #InsiderTrading #profiteering #OilFutures
/5
"iI’d very much like to know exactly who was making those trades yesterday morning,' Krugman wrote. 'Were they people directly in the know, or billionaires/traders who paid people in the know for tips?'”
#Trump #Iran #war #PredictionMarkets #StockMarket #InsiderTrading #profiteering #OilFutures
/6
“'We’ve not seen anything like this — there’s been no disruption of this scale in the past. It’s every oil analyst’s study piece or worst nightmare — one that we never thought would happen.'—Gareth Ramsay, chief economist for BP, on the Iran war’s impact on energy markets"
~ David Kurtz
#Trump #Iran #war #oil #gas #StraitofHormuz #economy #StockMarket
/7
https://morningmemo.talkingpointsmemo.com/p/minnesota-sues-feds-for-evidence
"The war that Israel and the United States launched in the Persian Gulf has already led to what some analysts say is the largest disruption of energy supplies in decades. Unless a resolution is found, the impact is likely to grow. 'We’re already in a very serious scenario, but there is still scope for it to get worse,' said Richard Bronze, head of geopolitics at Energy Aspects, a London-based market research firm."
~ Stanley Reed
#Trump #Iran #war #oil #gas #energy
/8
https://www.thenation.com/article/world/persian-gulf-war-oil-prices-strait-hormuz-energy-crisis/
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