Oil back in focus as US attacks Iran ?
@JC888:
Escalating hostilities in the Middle East are boosting crude oil stocks once again. This comes after US forces continued its airstrikes against Iran on 17 Jul 2026 for a 6th day. No sooner had the June 2026 US’s consumer price index (CPI) report showed a sign of a breather (3.5% vs May’s 4.2%) on US inflation when it was released on Tue, 14 Jul 2026, than the latest military assault once again, raised inflation expectations. What is worse is that Trump is mulling sending ground troops to weaken the Iran Revolutionary Guards (IRG) forces, and Iran issuing an equally forceful counterstrike warning. (see below) If Trump carries out what is currently seen as veiled pressure tactics to get Iran back to the drawing table, all hell will break lose in the stock market and oil prices will mos