If Middle East crisis leads to a ‘large disruption’ (6-8mbpd) in oil supply then the World Bank forecasts an increase in oil prices to between US$140 and US$157 a barrel.
via Simon Watkins The ability of either the U.S. or China – or even both working together – to contain Iran’s response to the attacks on its military proxies may have disappeared with the latest U.S. attacks on them. The …