The 24 hour chart of Oil is proof that the United States knew and explicitly signed off on Israel’s bombing of Iran’s nuclear and military sites.
Oil is trading at $68 yesterday at the close.
And then Israel launches their blitz on Iran.
And it momentarily looked like Israel went for the kill shot.
Nuclear sites, military sites, IRGC senior command all wiped out, senior government officials killed in their homes.
Everyone assumed oil refineries were targeted too.
Top that off with Marco Rubio saying US wasn’t involved at all, and everyone assumed Israel went for everything.
Oil instantly shot up $10/BBL to $78.
And then, after a few hours, the IAEA confirmed that no Iranian oil refineries were targeted.
And oil instantly began trading down.
While Israel exacted a heavy price against Iran’s military assets, they spared all of Iran’s energy assets.
This is at the direct demand of the White House, who cannot afford an energy spike right now with all the inflationary pressures we already face from tariffs and 8% budget deficits.
Always look at the inside of financial markets.
It tells you everything you need to know about this world.