Trump tells Iranians to keep protesting because help is on its way: military action ahead?

Trump's announcement on Truth Social emphasized the cancellation of meetings with Iranian officials while urging the Iranian populace to continue their protests, suggesting that help is on the way. This context is set against significant unrest in Iran, primarily driven by a catastrophic currency collapse and rising fuel prices. Reports indicate that Trump is considering military actions to weaken the Iranian regime. His comments have already influenced market sentiment, triggering a risk-off state, leading to declines in US stocks and gains in crude oil. A key development on the daily chart shows crude oil breaking out of a major falling channel and rallying above the 60.50 level, with limited resistance until 66.00. Continued military tensions could lead to a significant upward movement in oil prices if further action is taken regarding Iran.