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Neither 2022, nor 1970: the Shock of the War in Iran Does Not Resemble Oil Crises of the Past
Summary by Bloomberg Linea
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The escalation of the war in Iran, which has strained the global supply of crude oil after episodes of disruption in the Strait of Ormuz, has reactivated the fear of a new global energy shock and its impact on markets. However, Deutsche Bank poses a different scenario, in which the magnitude of the current shock does not reach the levels that in the past triggered deeper falls in markets.
The debate following the Oslo Economics report has taken a direction that does not benefit either Molde, Romsdal or the rest of the county.
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