Making Oil Gyrate Again, One Post at a Time
Raising the stakes to direct intervention and regime change is driving the price higher.
Trump leaves the G-7.
Photographer: Chip Somodevilla/Getty
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The conflict between Israel and Iran continues, despite Monday’s emphatic market bets that it was over. But the focus has changed. Initially the great fear involved Iran closing the Strait of Hormuz, a critical bottleneck for global oil supply.