Jim Cramer Warns Oil Could Break $119 High If There Is ‘No Peace,’ Says Trump’s Comments No Longer Impact Prices Amid Iran War

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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.”

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