US Media: Oil Prices Already Gradually Ignoring the Impact of Trump's Posts
TechFlow reports, on August 21, an Axios analysis indicates that the oil market's reaction to Trump's social media posts regarding the Iran war is gradually fading. Oil analyst Ben Cahill noted that in the initial weeks of the conflict, there was an "information vacuum" alongside significant uncertainty surrounding U.S. policy and objectives, causing markets to "overreact" to a barrage of posts. "For several months, the market has been disregarding social media updates because they simply fail to reflect on-the-ground realities," he said. He pointed out that much of Trump's commentary on the Strait of Hormuz's status, policy direction, and war goals bears "zero correlation" with the actual maritime traffic through the strait. Cahill stated, "In the first few months, I believe the White House was quite successful in managing the narrative and keeping oil prices down. But that strategy has now lost its effectiveness." (Jin10)
