Phyrex
Phyrex|Nov 08, 2026 17:08
What impact will the impeachment of the US Defense Secretary have on oil prices? House Republican leaders are expected to impeach Defense Secretary Hergses, with a vote potentially scheduled for this week. Republican Representative Massey, who is initiating the impeachment, accuses him of defying Congress and illegally continuing the war against Iran. From this information, I personally believe it supports a cooling of oil prices. Impeaching the Defense Secretary sends a message to the outside world, especially to Iran, that the new US Congress does not intend to continue the war. This attitude is likely to lead to market expectations of a de-escalation of the war, which in turn means a potential drop in oil prices, even though the US and Iran are still at war in the Strait of Hormuz, and the new US "Iron Gate" policy has already begun. Both Hergses and Cooper (Commander of Central Command) have supported resuming large-scale military operations against Iran. Regardless of the success of the impeachment, it will demonstrate the Democratic Party's desire to end the war. This attitude helps the US and Iran resolve the conflict through diplomatic means. Of course, even if Hergses is impeached, the Iron Gate policy may not end. The future direction of oil prices will largely depend on how Iran interprets the situation. PS: Vance and Special Envoy Witkov favor ending the conflict diplomatically. A @Gate account, trading more markets.
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