The US-Iran conflict, Trump's speech
Trump adds fuel to the fire in the conflict. Trump says, partly thanks to Venezuela's oil and gas,The US no longer relies on the Middle East at all。“We don't need oil from the Middle East.We are helping them.
He said:In the next two to three weeks, we will deal them a heavy blow.We're on track to resolve all of America's military concerns as quickly as possible, very quickly. Regime change is not part of our plan, but it happened.”He threatened to bring Iran back to the Stone Age where they belong.If no agreement is reached, it will hit Iran's power plants.
Obviously, although Trump thinks he is winning big on the Iran issue, in fact, Iran counterattacked with missile launches shortly after his speech.Trump’s speech strongly hinted that the war would escalate, causing Brent crude oil to rise 7.44% intraday (as of when I wrote this article), and leading to downward pressure on the broader market as well as on gold and silver, triggering a market sell-off.
However, I still maintain my previous judgment. Major institutions predict that oil prices will remain high for a long time. I believe that while maintaining high oil prices, Trump will do everything possible to withdraw from the Iranian battlefield.Although he talks tough in speeches, the Democratic Party has now started to increase 'organizing' protests within the US and intensify publicity about economic problems in the US to attack Trump. Currently, Trump's approval rating has dropped to its lowest point during his second term, and the Senate has yet to...