Commodities
Oil Markets to See Long-Term Impact From Israel Conflict, According to Citi
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The impact of the Israel conflict on oil markets will be long-term, Citigroup Inc. analyst Ed Morse said, citing the risk Saudi Arabia may not ease its production cuts as some had expected as a result of the war.
There’s also a chance of “more stringent” US sanctions on Iran, Morse, Citi’s global head of commodities research, said during a Bloomberg TV interview. Iran has congratulated Hamas for its operation while denying involvement.