US EditionThe U.S. Strike in Iran-Insecurity About Global Oil Supply Suddenly Makes Canadian Oil Attractive
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The U.S. Strike in Iran-Insecurity About Global Oil Supply Suddenly Makes Canadian Oil Attractive
From Energy Now By Maureen McCall The U.S. strike on three nuclear sites in Iran is expected to rattle oil prices as prices change to include a higher geopolitical risk premium. Anticipated price rises range from a likely rise of $3-5 per barrel forecast by Reuters to predictions of a “knee-jerk” reaction price spike with Brent crude, currently at $72.40, possibly rising to $120+ in a worst-case scenario, according to JPMorgan. Get the Latest…
Foreign Minister Þorgerður Katrín Gunnarsdóttir said in an interview about Israel's attack on Iran on Rás 2 on June 20th, "that Iran is the main driving force behind insecurity and uncertainty in the region."
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