Oil prices continue to surge amid heightened US-Iran tensions and renewed supply fears

FUNDAMENTAL OVERVIEW Oil prices surged considerably this week as US-Iran risks resurfaced after both countries exchanged attacks. Yesterday, it looked like we were going back to pre-MoU situation as the US launched a series of strikes on Iran in response to Iranian attacks on three vessels in the Strait of Hormuz. Iran retaliated by bombing US bases in Bahr…

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