Jim Cramer said on Tuesday that President Donald Trump‘s comments no longer positively impact oil prices as uncertainty looms over the Strait of Hormuz amid tensions between Washington and Tehran.
The Big Problem With Oil
In a post on X, Cramer outlined the “big problem” with oil prices in recent times, saying that the prices go “down less when Trump says there is a hint of peace,” but rally when “there is a rumor of war.”
Something went wrong.
He then shared that oil prices could “challenge” the $119 high if there was “no peace,” this time out. “All of this truce-carrot with no stick breeds higher and higher prices,” Cramer said.
