Oil prices are getting an Iran bid as it appears that Russia is warning that they see an unprecedented escalation of tension in the region. Russia should know as they join naval exercises today with Iran in the Gulf of Oman and the northern Indian Ocean and Russia has been caught in a quagmire with Ukraine for the last 4 years, they understand what tensions in a region look like. The whole market is back into buying the rumors of war. It seems unlikely that Iran will change course from its high...
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