Will Cunliffe
No military action yet saw flat price fall dramatically. Meanwhile, oil demand is set to be driven by rising jet consumption.
The limits to power. Last night the pressure hit its peak, as traders were nervously observing flight tracking sites and seeing US Air Force planes take off from Al Udeid airbase in Qatar – only to breathe a sigh of relief seeing they were not long-range refuelling tankers but the pre-arranged evacuation flight. But surveyed sources felt that the protests in Iran had lost momentum and Iran was ready to counterattack and the outcome for the US would then be uncertain.
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