While analysts had already predicted a “knee-jerk” reaction to oil prices when trading resumed in New York, the bigger question loomed of whether a sustained conflict in the Middle East could mean a prolonged disruption in supply.
Oil markets are gearing up for a likely supply shock after US and Israel strikes on Iran already shot up oil prices sharply amid fears that the Strait of Hormuz might be closed for weeks, disrupting … [+3162 chars]
