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#BREAKING Iran is allowing transit of Chinese vessels in the Strait of Hormuz, according to Fars News.
Oil prices immediately dropped 4.5% on the news.
The timing is not a coincidence.
The timing is not a coincidence. Trump and Xi were sitting in Beijing when this happened. Both agreed the strait must remain open for the free flow of energy. But here is what nobody is saying out loud.
Any good news from China = immediate crash in oil prices.