The Syrian Conflict:
MRP has repeatedly highlighted escalating tensions in the Middle East as a flashpoint for a serious oil market disruption, but a number of sudden events have escalated the situation to unanticipated severity. Prices on crude oil have jumped to their highest level since 2014. As of Wednesday’s close WTI crude was up over 7% on the week and could stand to gain even more as the aftermath of the Syrian government’s alleged gas attack in Douma threatens to engulf many of the world’s major oil producing nations.
On one side, Russia and Iran remain...
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