Yang358

Oil price, the Forbidden City

FX:USOIL   CFDs on Crude Oil (WTI)
1. Tehran hopes the new U.S. administration would lift sanctions imposed by the Trump administration on the country after it pulled the U.S. out of the so-called Iran nuclear deal. (src: oilprice.com)

2. Oil Minister Bijan Zanganeh said "If the U.S. sanctions were lifted, We will return to the market stronger than before, sooner than you might think." (src: oilprice.com)

3. The removal of the oil sanction isn't a question of if, but when. With the dissolution of the Soviet Union, Iran will have no choice but to develop their own nuclear facility in order to protect their country. However, with Tehran's new strategic partnership with Beijing, the need for this nuclear protection may not be necessary anymore.

4. However, Beijing will have to show Biden their friendly gesture in order to reduce the tension in US-China trade war so it will be in China's best interest to help convince Tehran to make a win-win Nuclear Deal with US. Also Tehran is fully aware that any unexpected tsunami or earthquake can turn the nuclear facility into natural disasters.

5. If the letter "D" (Donald Trump?) is removed in the Forbidden City it will become For Biden City so maybe the creator of the universe is trying to tell us something :)

6. Based on my oil cycle analysis, It shows Sept 2022 will see panic in oil market and collapse in oil price.

7. This is not an advice to buy or sell as nobody can see the future world with certainty. Do you own research.
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