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Oil rises on fears the US may resume military strikes against Iran

By ChordNews · First written (updated )

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Summary

Oil rose on worries that the United States may resume military strikes against Iran, a development that Bloomberg reports risks fresh turbulence in the Middle East and may hurt energy flows. In a separate Bloomberg report, ANZ Group Holdings Ltd. raised its oil price forecast as the market tightens on the Iran war, saying oil-market balances are now more fragile than at the start of the Middle East conflict and that any flareup after the US midterm elections would push prices higher.

This continues an earlier story: Oil rises as US may resume strikes on Iran after midterms, with Israeli election tight

Later: Goldman Sachs Raises Oil-Price Forecasts on Supply Risks · Oil prices slide after US midterm results as Trump plays down Iran strike prospects · Bank of America Says Interest Rates Could Rise Significantly if Oil Prices Keep Climbing

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that oil climbed as traders gauged Washington's appetite for renewed military escalation against Iran, adding fresh risk to Middle East supplies.

  2. Bloomberg

    Source ↗

    Bloomberg reports that ANZ Group Holdings Ltd. raised its oil price forecast as the market tightens on the Iran war, saying oil-market balances are now more fragile than at the start of the Middle East conflict and that any flareup after the US midterm elections will push prices higher.

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