With the dust having settled on the latest geopolitical flare up in the Middle East, global oil prices have largely stayed where they were prior to it. Here s why.
Crude price outlook: Morgan Stanley hiked its Q3 Brent crude outlook by $4 to $94 over geopolitical conflicts, while other analysts see a supply deficit of one million barrels per day in 2024 due to the prevailing OPEC cuts.
Middle East News: Iran is edging closer to nuclear weapons capability and Teheran is rapidly accumulating enriched uranium, "some of it very close to weapons grade", Wa