2024-04-15 10:00:00 ET
Summary
- Geopolitical tensions in the Middle East, particularly between Israel and Iran, are contributing to the recent uptick in oil prices.
- Uncertainty surrounding Iranian crude production and potential supply disruptions are driving the risks in the global oil markets.
- The possibility of an all-out war or increased sanctions on Iran could significantly impact oil prices, while other countries may struggle to make up for the loss in supply.
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Tensions In The Middle East Likely To Bode Well For Oil Bulls