Friday, March 5, 2021

Tag: Crude Oil Spikes Higher as Conflict Between the United States & Iran Boils Over – Nathan McDonald (03/01/2020)

Crude Oil Spikes Higher as Conflict Between the United States & Iran Boils Over – Nathan McDonald (03/01/2020)

by Nathan McDonald, Sprott Money:

Some are calling it bold, some are calling it reckless, and others are holding their breath in anticipation of what comes next after the United States initiated a drone air strike that resulted in the death of one of Iran’s top generals, Qassem Soleimani.

This move not only caught the Iranian government by surprise but the global markets as well, resulting in a massive spike in the price of oil overnight and into the Friday trading session.