
Ragio
3K posts

Ragio
@gauldenvulcan
I'm open for business & I trade commodity derivatives.






🛢️🇺🇸🇮🇷 Oil drops below $100 a barrel as hopes for a second round of U.S.-Iran talks grow. - Brent crude down 0.8% to $98.6, WTI down 2% to $97.1 - U.S. officials confirm both sides are still communicating after Islamabad collapsed - A second in-person meeting is being discussed European indexes up, Nikkei and KOSPI both gained over 2% - Deutsche Bank: markets still expect this to be a temporary conflict Source: CNN





The Philippines says it is seeking US permission to buy more Russian crude as the import-dependent country scrambles to shore up scarce fuel supplies. 🔴 LIVE updates: aje.news/8io6qt












🇮🇷🇾🇪 Everyone is focused on Hormuz. Iran's real wild card is sitting in Yemen The Houthis control the Bab el-Mandeb, the strait that connects the Red Sea to the Suez Canal They shut it down once in 2023 and have openly said doing it again "is among our options." If Iran gives the signal and both straits close simultaneously, 30% of the world's seaborne oil disappears overnight Saudi Arabia's last backup route runs through Yanbu on the Red Sea, right inside Houthi strike range. There is no plan C This is why Gulf states haven't joined the fight despite being hit by Iranian missiles for 44 days. This is why Riyadh stays quiet. The Houthis are Iran's insurance policy and Tehran hasn't even cashed it yet Source: Al Jazeera, TIME, TASS















