Wednesday, October 25, 2017

Middle East Eye: Double-whammy of Middle East geopolitics may add fuel to oil-price rally

By SIMON CONSTABLE

A double-whammy of Middle East geopolitics threatens to propel oil prices higher.
The first whammy is the growing military conflict between Iraqi forces and the Kurds that may interrupt energy supplies.
A second punch revolves around increasing tensions between the Trump administration and the Islamic Republic of Iran. It may lead to the reintroduction of harsh US sanctions, including a ban on buying Iranian crude oil. Read more here.

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