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Oil Markets Aren't Worried About Iran - Zeihan on Geopolitics
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Oil Markets Aren't Worried About Iran - Zeihan on Geopolitics
With everything going on between Israel and Iran right now, I know what you’re thinking – it’s time to run to Costco and fill up the gas tank. Hear me out though, we don’t live in the same world we did a few decades ago.Oil markets aren’t reacting to this conflict for a few reasons, but it boils down to where the crude is coming from. Between the US shale revolution and a diminishing importance of the Persian Gulf in oil markets, this conflict j…
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