Why the Global Oil Market Is on a Knife Edge over Regional Tensions

Jun 16, 2019 | Robin Mills, National
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It goes beyond megaphone diplomacy – more like Friedrich Nietzsche’s “philosophising with a hammer”. Japanese Prime Minister Shinzo Abe’s overtures in Tehran were brusquely rejected on Wednesday, and two tankers in the Gulf of Oman were attacked on Thursday. If the oil market’s tepid response encourages complacency from the US or aggression from Iran, it could spark a much more serious conflagration.