Here's What "Iran's Secret Plan To Escalate The War" Means For Oil Stocks
9 Articles
9 Articles
Took full advantage of ceasefire: Iran prepares for bigger fight with US and Israel, eyes Kuwait ground raid - The Tribune
According to a Wall Street Journal report, Iran's Revolutionary Guard used a June US-Iran agreement to prepare for a wider conflict. Measures included accelerating missile production, improving accuracy, coordinating with regional militias, and planning potential pre-emptive strikes and ground operations as security leadership underwent reorganisation.
Escalating tensions between the US and Iran and the near-paralysis of shipping in the Strait of Hormuz are fueling supply concerns, pushing oil prices higher.
Here's What "Iran's Secret Plan To Escalate The War" Means For Oil Stocks
The Strait of Hormuz has nearly shut down, Iran's hardliners reportedly treated the ceasefire as cover to rearm, and oil stocks are sitting on massive year-to-date gains. So why is crude barely moving, and what does that signal for investors holding XOM, CVX, and the tanker trade?
Oil, Hormuz and the Next Scottish Squeeze: Why $100 Crude Could Be Closer Than It Looks
There is a familiar feeling developing in the oil market. It is not quite panic, and Brent crude has not yet returned to the extraordinary highs seen earlier in the year, but the direction of travel is becoming increasingly uncomfortable.
The lack of progress between Washington and Tehran begins to install among investors the idea that restrictions on the supply of Middle East crude could spread for months. Read more
Iran prepares for bigger fight with US, Israel
Iran's Islamic Revolutionary Guard Corps (IRGC) has utilised the period of relative calm following a June memorandum of understanding with the United States to prepare for a wider confrontation, including formulating plans for pre-emptive strikes and potential operations on enemy territory, according to a Wall Street Journal report citing Iranian and Arab officials.
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