Analyst: Trump's speech drives oil prices soaring, risk premium surges

Deep Tide TechFlow message, on April 2, according to Jin10 data, crude oil futures prices surged. Earlier, Trump gave remarks on the Iran war, which hit traders’ expectations that the Middle East conflict would end quickly. In a report, TP ICAP analyst Scott Shelton said: “For most of this week, oil prices were under pressure, but Trump’s remarks sent oil prices soaring overnight. The remarks were more focused on escalation and ‘getting the job done,’ with almost no mention of peace talks.” He pointed out that although this move may be intended to pressure Iran back to the negotiating table, the risk premium has risen sharply.