U.S. Shale Executives Say Trump Iran Rhetoric Creates Energy Market Chaos

According to Bloomberg, U.S. shale oil executives expressed concern on June 24 that White House communications regarding Iran conflict are creating market chaos and making planning impossible. Industry leaders cited inconsistent policy statements about Middle East tensions, with one executive stating: "The market can price risk, but it cannot price a tweet." Executives warned that market volatility will likely persist even if hostilities end and oil flows through the Strait of Hormuz increase.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments