The David Lin Report · Wednesday, July 29, 2026
The host suggested that recent oil price drops are due to a belief in temporary peace talks between the US and Iran, despite conflicting reports and ongoing tensions. They noted that oil prices could quickly rebound if these expectations do not materialize.
“Well, uh, oil has always been an extremely volatile market, but even more so now. I believe the reason that oil is down despite the Bab el Mandab strait now being threatened to be closed by the Houthies, is that the fact that we have this headline here: US, Iran temporarily pauses fighting. Okay?”
“So to answer your point, I believe that, uh, oil is down today and yesterday because there is a belief of a new peace talk.”
“Now, as we speak right now on the 28th, Tuesday, there is no peace agreed yet. So there is an expectation of perhaps a peace talk after some hostilities have ceased. Uh, who knows what's going to happen next? It could shoot up to 90 bucks again tomorrow.”