The oil market should brace for a forever stalemate in Iran
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The oil market currently views the conflict in the Middle East through a binary lens. One possibility is that the US and Iran reach a deal. The other possibility is that the conflict worsens. However, a third path exists that is described as not pretty.
The oil market sees the future of the war in the Middle East as binary. Either Iran or the US reach a deal or they head into a worsening conflict. There is, however, a third path - and it’s not pretty.