Markets are half-panicked by the latest Middle East war.
Oil Israel’s attacks on Iranian air defense systems and nuclear capabilities re-opens awide range of possible avenues via which oil supply could be disrupted.
Importantly, it may also derail the process of US-Iran nuclear deal talks which were scheduled to continue in Oman on Sunday, although these had run into an impass eover whether Iran could be allowed to maintain uranium enrichment facilities with a deal.