Oil appears to be jumping on the tweet here by Zarif
The tweet reads:
"Act of war"or AGITATION for WAR? Remnants of #B_Team (+ambitious allies) try to deceive @realdonaldtrump into war. For their own sake, they should pray that they won't get what they seek. They're still paying for much smaller #Yemen war they were too arrogant to end 4yrs ago.
Any call for war and undiplomatic resolve will up tensions in the region and keep oil prices underpinned. Trump played it down last night but it appears Iran is being more confrontational about the matter.
Oil prices are now at the highs for the day with Brent jumping nearly 2% to $64.90.
In related news, Saudi Arabia is said to have asked Iraq for 20 mil barrels of crude as Aramco seeks diesel, gasoline and fuel oil for domestic use. That could be another reason why oil prices are picking up over the past 15-20 minutes.
