The US is the largest oil producer in the world because of Trump’s energy policy. Some years ago oil would have jumped 10-20% on Iran’s actions. Today, the US is the swing producer so the world is less reactive to Middle East strife. The big beneficiary of what happens in the Middle East is that the world now looks to the US to keep markets stable. What a strategic shift under Trump and great for America’s independence from Middle East oil supply.
This message has been edited 3 time(s).