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Why the US-Iran Conflict Isn't Driving Oil Prices Higher — and Why it Probably Should

from The Conversation via Raw Story

Assassinations, militaries on high alert, geopolitical tensions at the boil. Any one of these in Persian Gulf countries would have roiled oil prices a few years ago. Today, even in combination, they hardly register. Is the oil market now so secure that even the prospect of war between Iran and the U.S. has little effect? More broadly, is this relatively sanguine response warranted at this time? more

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