The latest round of conflict between Iran and the trio of Western powers, Israel and Gulf allies once again brings to the fore the fragility of oil markets.
Even a few weeks ago, rumours of an Israeli attack on Iranian nuclear facilities were confined to neo-conservative think tanks, and fringe right movements, but now the discourse has entered the mainstream and oil markets.
Influential and powerful financial institutions such as PIMCO and JP Morgan have both weighed in recent days on the repercussions of a continued showdown with Iran.
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