According to The Kobeissi Letter, oil prices have dropped to a new 3-month low following OPEC+'s agreement to increase production starting in April, with further hikes planned beyond April. This decision impacts global oil supply, creating potential downward pressure on oil-related assets.

According to The Kobeissi Letter, oil prices have increased following the US announcement of new sanctions on Iran. These sanctions target key sectors such as shipping, energy, and oil companies, potentially affecting global supply and trading strategies.