This is interesting:
Israel and Iran are attacking each other, Trump is saying he knows where Iran’s Supreme Leader is hiding, and the US is deploying fighter jets to the Middle East.
Yet, oil prices are -10% below last week’s high.
What does the market know here?

Twitter

Geopolitics has once again become the market's focus. Israel's attack on Iranian facilities, followed by Iran's counterattack, led to a surge in oil prices and weakened market risk sentiment last Friday. The market is concerned about the risk of escalating conflict, particularly the potential for Iran to block the Hormuz Strait and the possibility of U.S. intervention, which could impact oil prices during the U.S. summer driving peak.

SignalPlus Macro Analysis Special Edition: Opening Salvo

Source: If I don't understand @butaidongjiaoyi
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