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Iran said there wasnt any direct or indirect contact with trump. Said he just wants to manipulate market. I think trump and his buddies havent fully exited the stock market. Once exit sure change tune and attack iran. US doesnt have control over hormuz. Iran has the last say.
A healthy correction for oil is good. The oil will rebound afteir the correction is over. The short supply of oil and damagewill take months or even years to restore it back to normal supply.