President Trump's Iran Signals Cause Volatility in Oil Markets Amid U.S. Strikes
Oil markets experienced significant volatility following reports of a potential U.S.-Iran framework deal, which initially caused Brent crude prices to drop. However, subsequent U.S. military strikes on Iran reversed this trend, pushing prices back toward $100 per barrel. The situation highlights the unpredictable nature of foreign policy under President Trump, as hopes for a diplomatic resolution were dashed by military actions. Additionally, the arrival of a powerful El Niño is expected to further impact commodity markets, increasing demand for natural gas due to hotter weather. This development comes as global LNG flows shift towards Asia, driven by higher prices in the region compared to Europe. 
