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Ed Krassenstein: Brent crude oil surpasses $115 per barrel amid conflict in Iran

Ed Krassenstein: Brent crude oil surpasses $115 per barrel amid conflict in Iran
Brent crude jumps over $115

Brent crude oil prices have risen above $115 per barrel, according to a statement from Ed Krassenstein. He attributes this surge to escalating conflict in Iran involving Donald J. Trump.

Krassenstein questions whether this outcome aligns with voter expectations, as the price milestone spotlights geopolitical risks impacting global oil markets.

Jeff Currie, a strategist at Carlyle Energy Pathways, previously warned of an unprecedented U.S. oil supply disruption linked to Trump-era policies, according to a recent report. Former President Trump has also suggested that high oil prices were favorable during his time in office, as noted by Ed Krassenstein. These earlier statements provide context for the market reaction to the latest developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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