ERO - What The U.S. Airstrike Means For Oil And Global Markets
By Warren Patterson, Head of Commodities Strategy; Chris Turner, Global Head of Strategy and Head of EMEA and LATAM Research; Antoine Bouvet, Senior Rates Strategist; Timothy Rahill, Credit Strategist; Nadège Tillier, Senior Credit Analyst; Trieu Pham, Emerging Markets Sovereign Debt Strategist
Crude oil has spiked 4% on news that a US airstrike has killed a key Iranian commander in Baghdad. We take a look at possible paths for Iranian retaliation and their impact on oil prices and global financial markets.
Escalating tension
Escalating tension between the US and Iran has