Iran New Threat " Continuous Strikes" Coming Soon...
In a Nutshell
Markets pumped on flat CPI data (core 2.5%, overall 2.4%), but Trump claims Iran war is nearly over, countered by Iran's shift to continuous strikes blocking oil via Strait of Hormuz, threatening $200/barrel prices and targeting US/Israel-bound tankers. Oil faces upside risk from uncertainty despite 400M barrel reserve release, with fuel oil CPI up 11.1%; trade long markets if war ends (short oil), or short overbought indices if escalation spikes prices (SPX support 590-585). Stock movers: Oracle +12%, NBIS +15%, HIMS +15%; join live trading for updates.
These notes were generated by AI and may contain inaccuracies.
Markets are pumping today. CPI data report released this morning: overall core CPI at 2.5% versus previous 2.5%, no change. Overall CPI at 2.4% versus expectation of 2.4% and previous 2.4%. Upcoming reports: tomorrow initial claims and continuing claims; Friday GDP, PCE, and JOLTS (job openings).
Markets took off at open due to news from Trump: Trump stated war with Iran will end soon because there is practically nothing left to target. Iran stated they are switching from reciprocal hits to continuous strikes and warn they will drive oil prices to $200 a barrel. Iran says US will not control their oil prices; won't allow one liter of oil to reach US, Israel, or partners. Any vessels or tankers bound for them will be legitimate targets.
Iran shifting military strategy as oil prices have declined. Video of Iranian military sergeant stating Iran won't allow a single liter of hostile oil to pass the Strait of Hormuz. Iran says strikes will be continuous from now.
Trump stated two days ago that Iran war is pretty much over when markets sold off aggressively; tested the idea and saw positive market reaction, now using it again. Is the Iran war actually over? If over, short oil since prices still elevated and would drop. However, oil prices likely to rise with more uncertainty. Be aware of not just Trump's statements but implications on the market.
Sign in to read the full notes
Get access to AI-generated notes, topic timestamps, and more.