Trump's potential return raises questions about oil prices and stock valuations

Donald Trump’s potential return to the White House raises questions about oil prices and stock valuations. His administration may deregulate U.S. oil production, potentially increasing supply, while also imposing sanctions on Iranian and Venezuelan oil, which could decrease global supply. If Trump follows through on his plans, U.S. oil production could rise by up to 1.5 million barrels per day. However, sanctions could reduce global supply by 2.5 to 3 million barrels per day, creating uncertainty in oil prices. In the cryptocurrency market, Bitcoin has surged significantly since Trump’s election became likely, reaching around $84,720. Analysts predict further increases, with some forecasting Bitcoin could hit $100,000 soon, driven by a more favorable regulatory environment under Trump.