According to The Kobeissi Letter, the recent surge in the trade deficit is closely tied to exponential increases in imports of industrial supplies such as oil, LNG, gold, and steel. This trend has significant implications for traders anticipating a prolonged trade war, as producers are currently experiencing heightened levels of concern, impacting market stability.

According to Omkar Godbole (@godbole17), there is notable activity in the oil market, suggesting traders should pay close attention to potential trading opportunities or shifts in market dynamics.