When Iran attacked a US airbase in Qatar – a response to strikes on its nuclear services – many feared a world battle could also be imminent. However there was one market that didn’t break a sweat: oil. It’s sometimes a commodity that surges on the first sight of battle within the Center East. This time although, oil merchants wager that the battle involving Iran, Israel and the US can be short-lived. The FT’s power editor Malcolm Moore explains how merchants referred to as the result appropriately.
Clips from ABC Information, Al Jazeera, Related Press, CBS Information, Fox 9 Minneapolis St Paul, ITV Information, KTLA 5, NBC Information
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For additional studying:
How oil merchants referred to as the Center East battle
Gas and fury: power turns into a Center East battlefield
Why oil merchants are watching the Strait of Hormuz
Why is the oil worth not surging?
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