Oil Market Compelled by Trump's Iran Narrative

The oil market has been consistently reacting to President Donald Trump's statements about negotiations with Iran, sending prices plummeting whenever he declares progress or calls off a planned attack.

This phenomenon has been ongoing for five months, with the market seemingly believing Trump's narrative despite repeated disappointments and setbacks in the negotiations.

When Trump announced on April 8 that he would suspend the bombing of Iran and return to the negotiating table, oil prices fell by 13%.

This pattern has continued, with oil tumbling by 20% over three days last week after Trump paused plans to attack Iran, and dropping again today after he called off a 'massive attack' on the country and said negotiations would resume.

Oil market analysts are puzzled by this phenomenon, with some questioning whether the market has learned its lesson and stopped trusting Trump's promises of peace.