Is this a good time to enter oil futures market?
https://worldoil.com/news/2024/10/17/rystad-says-iran-israel-conflict-gains-grip-as-oil-output-and-trade-routes-ready-for-chokehold/
Over lunch, Israel confirmed the assassination of Iran supported Top Military Leader Hamas Sinwar of Iran. How does this impact the ongoing war?
With his death, Israel has effectively driven Iran to a corner where they can no longer back down from this conflict, if peace cannot be brokered with, how does this spell for oil prices? How does affect oil futures?
Iran's oil production facilities, warn of a potential surge in crude oil prices. Iran, a significant player in the OPEC+ alliance, is a major exporter of crude oil. Planned attacks will disrupt its production capacity is expected to tighten global supply, driving up prices.
At a time of stablizing inflation, the last thing we need is an oil shock which have caused hyperinflation in the 1970s.
What do you think? Perfect moment to take a position?
Over lunch, Israel confirmed the assassination of Iran supported Top Military Leader Hamas Sinwar of Iran. How does this impact the ongoing war?
With his death, Israel has effectively driven Iran to a corner where they can no longer back down from this conflict, if peace cannot be brokered with, how does this spell for oil prices? How does affect oil futures?
Iran's oil production facilities, warn of a potential surge in crude oil prices. Iran, a significant player in the OPEC+ alliance, is a major exporter of crude oil. Planned attacks will disrupt its production capacity is expected to tighten global supply, driving up prices.
At a time of stablizing inflation, the last thing we need is an oil shock which have caused hyperinflation in the 1970s.
What do you think? Perfect moment to take a position?
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