RE:Oil higher on Mid-East escalation:I always cringe at the geoplitical risk premium nonsense. There are serious sanctions on every aspect of these tyrants oil. But they find a way .It also helps that the sanctions are symbolic and not actually enforced . Because the price of gasoline in the USA is critical , more critical than millions of peoples lives elswhere .More critical than little children having their brains blown apart while they sleep in bed in their Disney pyjamas in the Ukraine . Its always the last thing to go . You could nuke Iran and men in hazmat suits taking iodine pills would still get the oil out.