Hello Traders,
Washington and Tel Aviv are reportedly teeing up a heavy, targeted military campaign against Iran for right after the midterms. The White House is betting that a swift, decisive blow can wrap up the conflict on its own terms. But the market isn't looking past the immediate danger: holding off on strikes until November 3 means the countdown to post-election fireworks is keeping a massive risk floor under oil
International markets are feeling the brunt of the supply crunch, with Brent spot prices vaulting past $110 while WTI holds the line below $100. Bears are fighting a losing battle trying to keep WTI pinned down. Once that artificial floor cracks, the floodgates open, and crude is heading much higher.
BRENT OIL vs WTI OIL
