🛢️ Iran Headlines Flip the Markets Again
Grain markets started sharply lower overnight
Then energy markets reversed HARD higher
📈 Crude oil:
Was near $90/barrel earlier
Rebounded to nearly $100 again
Currently up over $2/barrel
Main reason:
Iran pushing back on parts of the proposed peace agreement
Specifically wanting control measures over ships moving through the Strait of Hormuz
🇺🇸 President Trump also added fuel to the market:
Said if a deal is not reached after his China trip next week, military operations could resume
⚠️ Result:
Energy markets exploded off the lows
Beans and corn rallied sharply from early losses
