Iran says contradictory US positions, Israeli attacks on Lebanon delaying diplomacy - Reuters
Geopolitics
Iran's foreign ministry stated that contradictory US positions and Israeli attacks are delaying diplomatic resolutions in the Middle East. This rhetoric signals that geopolitical tensions, and the associated risk premium in crude oil, are unlikely to abate in the near term.
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Angle
↑ LONG+5% target-3% stop2-4 weeks
Long XLE as fading Mideast diplomatic hopes keep the oil risk premium elevated.