Why oil prices are stabilizing
Just a few days ago, the United States and Iran were once again engaged in military action over Iran’s effort to exert control over the Strait of Hormuz energy transit chokepoint. Yet oil prices continue to trade near their prewar levels, around $70 a barrel. Are oil markets too complacent about the global supply of […]
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Just a few days ago, the United States and Iran were once again engaged in military action over Iran’s effort to exert control over the Strait of Hormuz energy transit chokepoint. Yet oil prices continue to trade near their prewar levels, around $70 a barrel.Are oil markets too complacent about the global supply of oil? Recommended Stories The LGBT movement is being consumed by ‘pro-Palestinian’ activists Trump is right to threaten tariffs over European digital tax extortion Maura Healey and the unraveling of America’s greatest school system No. Oil markets are not ignoring the political realities of the Middle East or the risks surrounding the Strait of Hormuz. Instead, traders are not reacting to every headline from sensational media outlets.
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