There is no return to normal on oil any time soon
Even if the Iran war ends quickly, governments will need to prioritise security of supply
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Why time is on Iran’s side
A global energy crisis is only just beginning. Political turmoil will follow
Get used to the long Iran war
Tehran has a strong incentive to keep the conflict going
Investors look through the turmoil
The world is a mess but markets seem to be shrugging worries over the fallout of the Iran war
Are markets being too complacent about the Iran war?
Sometimes crises do not blow over as investors might hope
The Iran crisis has not yet peaked
The war is currently more likely to escalate than to be resolved by negotiation
Oil prices expected to rise as hope fades of end to Iran war
Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz