Calculating the Impact of Iran’s Fury on the Price of Oil

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The repercussions on oil prices after a U.S. airstrike killed top Iranian military leader Qassem Soleimani may not be what you think. SpencerJakab explains. WSJWhatsNow

That was the—no pun intended—crude calculation swirling through financial markets Friday morning following the Iranian paramilitary leader’s death in a U.S. airstrike.

Unlike after the attack on the strategic Abqaiq oil facility in Saudi Arabia in September that was blamed on Iran or its proxies, the industrial world woke up to as much supply as it had before the event. Yet the immediate impact on the market—a jump of a little over 4% in Brent crude prices—was nearly...

 

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Spencerjakab It’s all about business with you people. What about simply being decent human beings and rebuking the madman in the WH. He is a clear and present danger.

Spencerjakab LongLiveTrump !

Spencerjakab And who’s profiting? Read Maddow’s ‘Blowout.’

Spencerjakab How do you know? They may bomb America.

Spencerjakab Glad US is a net exporter! Bring GovernorPerry SecretaryPerry back!

Spencerjakab

Spencerjakab Why the spike? We don’t get our oil from there. US oil companies raising prices are just corporate greed.

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