Bumpy Ride.
Global energy markets braced for another week of turmoil after a weekend US attack (“for fun” according to Trump) on Iran’s vital oil export facility on Kharg Island further exacerbated supply disruption.
This kept the oil futures price above $100 to start the week continuing the downward pressure on Asian and European stocks on Monday. Wall Street was beginning to tune out Trump veering incoherently between public threats of intensified strikes, promises of a quick conclusion and victory laps followed by declarations that there was still a lot of bombing left to do.
Nevertheless, Wall Street…
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