CL1! Oil prices will remain elevated for a while because of Israel-Iran war fears. Inflation data prints are going to be very interesting this summer when you combine Trump tariffs and now this...
MCL1!OILWTIUSOIL Israel is just sending oil up. Strikes on Hamadan, Karaj and possibly Tehran with primary targets being military infrastructure connected to IRGC and nuclear facilities. Axios reports that Israeli leaders have been transferred to "safe locations" as well. Oil has been a very good buy due to this shift in the geopolitical landscape.