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With Iran Backed Into A Corner, Where Is The Risk Premium On Oil?

July 22, 2019

Via: Forbes

The United States and Iran both say they want to avoid war. Even without one, the drama we’ve seen the last two months in the Persian Gulf still presents a threat to the global energy industry. That risk is incredibly under-appreciated by oil markets. Benchmark Brent crude prices are trading around $63 a barrel at the moment, which is lower than before the US-Iran crisis began. Traders remain more concerned about flagging oil demand stemming from a slowdown in the global economy than they seem to be about escalating tanker attacks.

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