Blog

After Iran’s latest threat to retaliate against any new US attacks on its assets, warning that energy infrastructure across the Gulf, including US oil and gas interests, were vulnerable, what should the world brace for as far as geopolitical tensions and crude oil prices are concerned? Iranian Parliament Speaker Mohammad Baqer Qalibaf stated, “strike our assets and you get struck,” after US and Iranian strikes on shipping pushed oil prices near six-week highs (Brent Crude near 101 dollars per barrel at the time of filing this copy).