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Posted on 07/27/2026 9:03:12 AM PDT by SeekAndFind
Oil prices plunged and stocks surged in early trading on Monday after the U.S. paused attacks on Iran over the weekend, opting against a major escalation of the war.
Global prices fell 6% on Monday, briefly crossing below $90 a barrel before moving slightly above that benchmark. The decline reversed a days-long run up in crude prices as fighting threatened to worsen a historic global oil shock.
Stock prices climbed in response to the drop in oil prices. The Dow Jones Industrial Average climbed 570 points, or 1.1%, while the S&P 500 jumped 0.6%. The tech-heavy Nasdaq increased 0.6%.
Crude costs account for a large share of the price of auto gasoline. The average price of a gallon of gas currently stands at $4.11, according to AAA. Relief in oil prices typically brings down gas prices within days, some analysts previously told ABC News.
President Donald Trump has put off a major escalation with Iran in favor of an effort to revive diplomacy to open the Strait of Hormuz, two sources told ABC News.
Sources said top officials discussed the impact a major escalation could have on the Pentagon's depleting stockpiles of air defense interceptors, including Patriot anti-missile interceptors.
Oil prices have proven volatile in recent weeks. Last month, oil prices briefly fell to their lowest level since before the late February outbreak of the Iran war on news that a preliminary agreement to end the war had been reached.
A resumption of large-scale fighting between the U.S. and Iran, however, cast doubt over the staying power of that deal.
Shipping traffic in the Strait of Hormuz declined sharply as the war escalated. The maritime trading route facilitates transport of about one-fifth of global oil supply. In turn, worldwide oil prices soared above $100 a barrel.
(Excerpt) Read more at abcnews.com ...
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Lasting peace is at hand.
All those Miss America contestants’ wishes are coming true. 🌞🌺🌺🌹🌹🦄
Fake News.
Oh wait. This is good news from the Nets this time. So I like it.
Like clockwork, in time for market opening on Monday AM
If you know how to properly buy Stock Options; i.e. puts, calls, spreads on a well fed margin, (which I don’t) you could be making mucho MUCHO money right now.
As it happens, all I can do is to fantasize about it.
I understand even less about Bitcoin and such newer currencies, but the money? it’s being made right now, on these big market changes. Go ask Nancy. I think she’ll know!
You don’t even need to be an Insider, but it sure doesn’t hurt.
You could make a living buying oil when it drops below $90 and shorting it when it rises above $100.
It’s almost as if the “pauses” come when the ships are out of ammo and have to resupply for the next unpause.
Imagine a Tet offensive-like attack on the strait by Iran as an October surprise. Drive the oil price way up. They’re not dumb. Can they hold out?
| Commodity | Price | Change | % Change |
|---|---|---|---|
| WTI Crude | 82.65 | -6.66 | -7.46% |
| Brent Crude | 88.89 | -7.89 | -8.15% |
| Murban Crude | 84.85 | -12.20 | -12.57% |
| Natural Gas | 2.761 | -0.110 | N/A |
Thats the futures market.
The actuall is around 125 a barrel.
Down about 11%
They don't have to do a Tet to keep it shut down. All they have to do is occassionally launch a missile or drone at a ship from one of their hundreds of wack-a-mole subterranean bases spread throughout the 350,000 square miles of Iran's mountain terrain.
Yup. You notice Trump saves his vitriol and bombing on the weekend when it won’t affect markets?
Occasionally means an ebb and flow. A big attack followed up by another untimely one could scare the hell out of those ship captains.
It’s an asymmetric war. In an asymmetric war, time is on the side of the asymmetric combatant. They can keep the strait in chaos for years with one hand tied behind their backs.
Time is not on the side of the symmetric combatant. The longer the war goes on, the more it costs, not just in blood and money, but in global political capital.
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