Several months ago, U.S. President Donald Trump delivered an ultimatum on the Iranian nuclear deal:
"Either fix the deal's disastrous flaws, or the United States will withdraw."
Much of my time over the past week has been devoted to assessing the fallout from this widely expected White House decision.
And now, as I expected, the White House made good on that threat. The "other shoe" has dropped.
Despite clear support from French President Emmanuel Macron, German Chancellor Angela Merkel, UK Prime Minister Theresa May, and the European Union to continue the Joint Comprehensive Plan of Action (JCPOA), popularly known as the "Iran nuclear deal," and offset a Trump veto, the deal, as it existed on Monday, is now dead.
The stakes are high, but European positions are not enough.
So let me show you how I think this will ultimately play out - and break down exactly how to play crude oil in the wake of this thing...
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About the Author
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk assessment, and emerging market economic development. He serves as an advisor to many U.S. governors and foreign governments. Kent details his latest global travels in his free Oil & Energy Investor e-letter. He makes specific investment recommendations in his newsletter, the Energy Advantage. For more active investors, he issues shorter-term trades in his Energy Inner Circle.
Trump, in effect, has just given permission for Iran to pursue her nuclear ambitions. He is increasingly a disaster for America, with his biases and White America first policies. I say this at a conservative 89, not as a do-good liberal.
Chuck Burton