Oil prices go about their business of unwinding some of the war premium that has been priced-in due to the continuing tensions surrounding the Gaza conflict and the subsequent Iranian missile onslaught on Israel.
For the first time in history, attacks against Israel were launched from within Iran after the bombing of the Iranian consulate in Damascus at the beginning of the month. Israeli retaliation of this retaliation seems inevitable, the severity and the timing of it is unclear.
Viewing the world via a cynical eye is never really constructive, but such is the manner in which our current geopolitical drivers exasperate us, that who can blame folk for consuming news with seasoned resignment.
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