Rand Strengthens, Oil Price Drops After Donald Trump's Election Rout
10 Articles
10 Articles
Oil prices were down today after Democrats won both houses of Congress in the midterm elections, dealing a political blow to Donald Trump. Asked by the Wall Street Journal (WSJ) how much the war in the Middle East contributed to the Republicans' poor results, the US president acknowledged that the war in Iran "played a role in part", pointing to the increase in the price of oil rather than the war itself. Hydrocarbon prices have surged this year…
The US dollar and oil prices fell on Wednesday as market participants weighed the crushing defeat of President Donald Trump's party in the US midterm elections.
The Democratic victory opened up speculation about what Washington’s policy on the Middle East will now be. In Iran, the authorities interpreted the election results as assuming that the U.S. is opposed to war.
The Straits of Hormuz and geopolitical developments under the market "microscope"
The risks of retaliation in the Strait of Hormuz and Trump's shift in foreign policy after the Republicans' electoral defeat
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