- Oil Market Stability๐ข๏ธ: Crude traders said "The current Israel-Palestine conflict isn't expected to directly shake up the global oil market", but this was the case on 3 January 2020 when the USA killed general Qasem Soleimani and tensions started to rise very high, the oil market exploded ๐๐
- Recent Conflict Developmentsย ๐๐ฅ: Hamas fired missiles at Israel and attempted to infiltrate nearby settlements. Israel responded with the โIron Swordsโ operation. ๐ฎ๐ฑ๐ฅ๐ต๐ธ
- Casualtiesย โฐ๏ธ: Over 600 Israelis and 300 Palestinians have been killed, with many more wounded. ๐ฅ๐
- Oil Disruption Concerns ๐ข๏ธ๐ซ: The real threat to oil would be if the conflict expanded to Iran, says expert Bob McNally. However, this seems unlikely. ๐ฎ๐ทโ๐ฅ
-ย Iran's Roleย ๐ฎ๐ท: Iran, a significant oil player and OPEC member, supports Hamas, which initiated the recent attacks. ๐๐ข๏ธ๐ค
- Oil Supply Impact๐ข๏ธ๐: Pierre Andurand said - "the conflict might influence oil supply and prices eventually but not immediately".๐นโ
- Iran's Stance ๐ฎ๐ท๐ฌ: Iran has publicly backed the Palestinian attack. If Israel retaliates against Iranian infrastructure, oil prices could surge. ๐๐ฅ
- Iranian Crude Shipmentsย ๐ข๐ข๏ธ: Shipments from Iran are at a five-year peak. The US might become stricter with Iranian cargo, especially to China. ๐บ๐ธ๐ฆ๐จ๐ณ
- Strait of Hormuzย ๐โด๏ธ: This critical passage sees 17 million barrels of crude daily. If Iran blocks it, the consequences could be significant. ๐ซ๐ข๏ธ๐
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- The contrarian โ๏ธโช๏ธ : The contrarian thinks different than the masses, most people think nothing will happen or oil prices will go down hard..ย
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