Before Trump spoke, unusual trading was observed in crude oil futures, and fertilizer, sulfur, and helium gas trades were almost halted.

According to a report by CCTV Finance on March 24, on Monday local time, although Trump stated that both the U.S. and Iran have begun negotiations to end the Middle East conflict, Iranian Parliament Speaker Qalibaf denied dialogue with the U.S. on social media. Amidst the continuous emergence of such news, and even contradictory information, the market has become confused and is struggling to form clear expectations. Against the backdrop of numerous uncertainties, the only thing that can be confirmed is that some long-term damages have already occurred.

On Monday local time, International Energy Agency Director Birol stated that over 40 energy assets in nine Middle Eastern countries have suffered “severe or extremely severe” damage. More critically, what has been impacted is not only oil and gas but also key “arteries” of the global economy, such as fertilizers, sulfur, and helium. The trade of these commodities has nearly been interrupted, which will also have serious consequences for the global economy. Finally, it is worth noting that CNBC observed that just minutes before Trump’s post caused market fluctuations, around 6:50 AM New York time, there were signs of unusually active trading in S&P 500 futures and crude oil futures. At that time, there were no obvious market catalysts, and this wave of trading has drawn market attention.

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