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Shen Yin Wanguo Futures: Reports from Iranian Official Media Limit Crude Oil Decline
U.S. President Donald Trump stated that after “productive talks” with Iran, the United States has delayed plans to attack Iranian power plants and energy infrastructure by five days. However, reports from Iranian official media limited the decline, stating that the Iranian Foreign Ministry denied any dialogue between Washington and Tehran. International Energy Agency Director Fatih Birol pointed out that the current Middle East crisis has a more severe impact on energy prices than the two oil crises of the 1970s combined. Additionally, conflicts in Europe have also caused significant shocks to the natural gas market. (Shenwan Hongyuan Futures)