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Tensions and Turmoil in the Oil Market
This chapter explores the volatile state of the oil market amid rising geopolitical tensions in the Middle East, focusing on the potential for conflict and its implications for global oil supply. It critically assesses the impact of speculative reports on market fluctuations, particularly concerning the Strait of Hormuz and the alliances forming between regional powers. The discussion also emphasizes the delicate balance of military strategies and political considerations, including the upcoming U.S. elections, that could influence international relations and oil prices.