"There is a lot of the momentum to the reversal in the oil price strength that we are already seeing after the Iran’s strike on Qatar, which was clearly very well choreographed to be symbolic but for domestic consumption. But certainly, I think the market and the rest of the world would like to see this come to some sort of peaceful resolve and not escalate further than what we've seen already. And I think that this afternoon's market action was leaning in that direction, and hopefully this is the next step in that direction, such that we don't have to worry about the next level of escalation, which is never going to be pretty."
Published at: 2025-06-23 22:45:09
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