The US air strikes on Iran have already led to a spike in oil prices, with elevated geopolitical risks. With tensions escalating, there are strong expectations of a further price surge. In the event of any military or economic geopolitical action, a near-term firming up in crude prices is likely. While in the near term prices are expected to remain elevated, in the absence of further escalation we see prices normalizing in a few months as the current demand supply...
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