SATISH SHARMA - not just Rotigraphy.: It’s now painfully obvious that the corporate media and major market actors are conspiring with Trump to keep oil prices low and stock markets high.

https://x.com/dimitrilascaris/status/2051944032947822816

Dimitri Lascaris

It’s now painfully obvious that the corporate media and major market actors are conspiring with Trump to keep oil prices low and stock markets high.

Despite Trump’s long record of pathological lying, his latest unsubstantiated claim of ‘great progress’ in negotiations with Iran has caused stock markets to soar and the price of oil to decline.

Trump’s latest vomiting of fake news sent Brent crude oil – which had jumped as much as 6% earlier this week on the latest attacks in the Middle East – tumbling 2% to $107 a barrel.

Last week Brent crude hit $126 a barrel, its highest level since 2022, after Trump said the US blockade of Iranian ports could last for months and peace talks remained stalled. 

Today, MSCI’s All-Country World Index rose 0.4% to a fresh record alongside similar milestones for its emerging markets benchmark and its broadest index of Asia Pacific shares outside Japan, which jumped 2.8%.

The share surge was led by a 6.6% charge for South Korea’s Kospi, which cleared the 7,000 mark for the first time. Stocks on Wall Street hit fresh records on Tuesday as the S&P 500 rose 0.8% and the Nasdaq Composite gained 1%.

The conditions which caused Brent Crude to hit $126 per barrel have not improved. If anything, the conditions are now worse 

Within a day or two, we’ll learn (yet again) that Trump’s maximalist demands have not changed, and that Iran refuses to accede to them. 

There’s no evidence - none - that Trump is willing to concede to any of Iran’s core demands. 

Without major concessions by the Trump regime, there will be no peace deal and no reopening of the Strait of Hormuz - and the damage to the global economy will become more and more severe.