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Oil Market Loses Its Safety Net as Iran Conflict Reignites
The global oil market is much more exposed to the latest re-escalation in the Middle East, as most of the buffers that cushioned the init…
AI Summary
The global oil market is much more exposed to the latest re-escalation in the Middle East, as most of the buffers that cushioned the initial shock of the Iran war are wearing thin and unable to prevent the next oil price spike. For weeks, market participants were too complacent that the U.S.-Iran memorandum of understanding would reopen the Strait of Hormuz…
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