President Trump's actions on Iran cause oil price bounce, potential nuclear agreement

From Investing.com: 2025-02-05 10:55:00

President Trump’s maximum pressure campaign on Iran has caused oil prices to bounce back, with the President stating he doesn’t want to blow Iran to smithereens. The Iranian regime has signaled interest in reaching a nuclear agreement with the US. Despite fluctuations in the market, Trump’s actions have not broken the pre-existing trading range. The extreme cold weather led to a significant drop in diesel supplies and an increase in gasoline inventories. Natural gas prices were affected by the weather and the delay of tariffs on Canadian exports. A powerful winter storm has put millions of people on alert for icy conditions.



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