Going to hit Iran very hard over next week
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In an interview with Fox News aired on Friday, United States (US) President Donald Trump said that they are going to be hitting Iran “very hard” over the next week. Trump also noted that they will escort vessels through the Strait of Hormuz if needed and added “hopefully things are going to go very well.” Market reaction These comments failed to trigger a noticeable market reaction. At the time of press, US stock index futures were up about 0.2% on the day, while the barrel of West Texas Intermediate (WTI) was trading at around $93.50, losing 1.8%. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. The weekly Oil inventory reports published by the American…
Filed under: News - @ March 13, 2026 12:23 pm