Oil traders are too optimistic about a Trump ‘victory’ in Iran

AI Summary

Oil traders show excessive optimism about a potential Trump 'victory' related to Iran, anticipating a deal to end the conflict. The report warns that while the conflict's resolution may emerge, it could lead to higher oil prices and political embarrassment for the Trump administration.

The outline of a deal to end the war with Iran is emerging, but its aftermath will be higher oil prices, and the humiliation of the Trump administration.