Right then, 'oil be having you.
Oil has been on a steady run recently and it is currently being aided by political tensions: specifically the US threatening to put sanctions on Iran.
Macron has been over to calm Trump, Merkel too , and the North Korean developments may be making Trump pause before adding sanctions on Iran. For the markets, any Iran sanctions would cut Iranian oil supply and increase the price of oil. Yesterday Zarif, Iran's foreign minister, was non-compromising on the Iran nuclear deal. See here.
Keep your eyes on oil. Bullish movement building from 67.00 with plenty of upside. I have marked in the time of Zafir's comments on the chart. Oil took a bid just after them. You can read more about the Iran Nuclear deal here on Bloomberg.
