Middle East Tensions and Their Impact on Oil and Markets
TL;DR Summary
Oil prices approached four-month highs amid concerns that the Israel-Iran conflict could disrupt Middle East oil supplies, but JPMorgan considers the likelihood of a severe supply impact to be relatively low, with only about a 17% chance of a worst-case scenario affecting global oil markets.
Topics:business#israel-iran-conflict#jpmorgan#markets#middle-east-supplies#oil-prices#strait-of-hormuz
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- Oil Braces for Even Bigger Risk Premium as US Mulls Iran Strikes Bloomberg
- Trump and Iran Complicate the Fed’s Next Move The New York Times
- Business The Economist
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