Topic

#oil prices

2 articles

A giant crunchy beef taco sitting on a Wall Street trading floor surrounded by panicked traders in suits, red emergency lights flashing, oil futures screens crashing in the background, papers flying, the taco perfectly composed while everything around it is chaos, darkly comedic editorial photography

TACO Tuesday Crashed Oil 15% on Iran's Terms

Brent crashed 15% on April 7 after Trump announced a two-week ceasefire with Iran. But Iran's Foreign Minister revealed Trump accepted the 'general framework' of Iran's 10-point proposal -not the other way around. Iran keeps control of the Strait, its military intact, and the negotiating leverage. Oil crashed on Trump's terms. The deal is Iran's.