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Latest Analysis / Chairman's Corner (English)

Chairman's Corner #240 - Israel and Hamas: What does it mean for oil?

Published: 9 October, 2023

Highlights:

  • The attack means a rumored Israel-Saudi-US agreement has fallen by the wayside
  • Israel and Iran will likely tussle, but a larger-scale conflict impacting oil supplies is unlikely
  • The Biden administration will not want to tighten Iran sanctions heading into an election
  • Fundamentals point to $85-90/bbl ...

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