TechFlow News: On April 2, according to JIN10 Data, crude oil futures prices surged after former U.S. President Donald Trump delivered remarks on the Iran war, dashing traders’ expectations of a swift end to the Middle East conflict. Scott Shelton, analyst at TP ICAP, stated in a report: “Oil prices were under pressure for most of this week, but Trump’s speech triggered an overnight surge. His remarks leaned more toward escalation and ‘getting the job done,’ with virtually no mention of peace negotiations.” He noted that while this move may aim to pressure Iran back to the negotiating table, the risk premium has spiked sharply.
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