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Khamenei Accuses Trump of Stoking Deadly Unrest in Iran

A demonstrator holds the burning head of an effigy depicting US President Donald Trump during a protest against the US. Iran’s Supreme Leader Ayatollah Ali Khamenei has intensified his criticism of the United States, directly accusing President Donald Trump of encouraging the wave of protests that has shaken the country. The demonstrations, which began as economic grievances, quickly expanded into broader political unrest and were met with a forceful response from Iranian security forces. Khamenei framed the turmoil as part of a foreign-backed effort to destabilize the Islamic Republic, arguing that Washington — and Trump personally — sought to inflame tensions and undermine Iran’s stability. Trump had publicly expressed support for the protesters and warned Iran against harsh reprisals, comments that Tehran dismissed as interference. While Iranian leaders attribute the unrest to outside influence, many demonstrators point to long-standing domestic frustrations, including economic h...
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Oil Market in for Uncomfortable Few Weeks After Drone Strike

 


On January 29, 2024, a drone strike killed three US soldiers in the Middle East, escalating regional conflicts and irritating oil markets. The attack’s near-term impact on oil supply is expected to be limited, but the situation is still volatile. Prosper Trading Academy CEO Scott Bauer and Eurasia Group Middle East Practice Head Ayham Kamel warn that this is not going to be a comfortable few weeks.

The oil market is already on its heels due to weak demand. Though geopolitical tensions could move prices, the impact appears muted as risks are already priced in. Bauer sees crude oil in a bearish macro position and is enthusiastic about the current volatility for traders, suggesting investors look to sell.

In conclusion, the drone strike has created an uncomfortable situation for the oil market. While the attack’s near-term impact on oil supply is expected to be limited, the situation is still volatile and could lead to further disruptions in the future.

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