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Oil sells off as traders calmly look beyond the bombs in the Middle East
- Market observers noted that the idea of Iran escalating the situation was 'silly,' describing such actions as 'suicidal'.
- Tehran currently earns about $40 billion annually from oil transport in the region, according to reports.
- Calls for increased oil drilling have been made to the Department of Energy, urging immediate action.
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23 Articles
23 Articles
Associated Press News+22 Reposted by 22 other sources
Oil sells off as traders calmly look beyond the bombs in the Middle East
If oil prices are any measure, Iran just flinched. The price of oil tumbled Monday on a bet that Iran's decision to bomb U.S. and Qatari bases signaled it was not planning to do the one thing that could really hurt America: Shut down the flow of oil.
·United States
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Total News Sources23
Leaning Left7Leaning Right1Center11Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 37%
C 58%
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