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Oil Price Implications of a Strike on Iran

Posted on June 25, 2008

Raymond wrote:About a month ago you wrote an article looking at geopolitical risks, and identified a strike on Iran as the most pressing current situation. Any updated thoughts on that?Yes, I wrote to subscribers last weekend about what an Israeli strike on Iran could mean to oil prices. I concluded that it would probably bring a spike higher, but that such a spike might finally be the blow-off top needed to get the price moving lower again, once everybody sees that no barrel of oil was harmed in the making of this movie. ...

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oil , oil price