Bob McNally, CEO of Rapidan Energy Group, puts the odds of renewed U.S.-Iran fighting in the coming days at 80 %. He expects Brent and West Texas Intermediate crude futures to rise above $100 a barrel, compared with current prices of about $100 and $91, respectively. Several analysts believe the period before the new Congress is sworn in could give Donald Trump an opportunity to resume strikes, although constraints on U.S. munitions could limit their duration and effectiveness. Other observers see room for diplomacy following Iran’s reported transmission of a nuclear proposal through Qatar. The war has also increased global energy costs, fueling concerns about inflation and living expenses.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
