RE:RE:RE:U.S. ElectionInteresting speculation and it would make sense. I think the Israelis wanted to cripple Iran immediately, but have a handshake deal with the democrats to delay oil targets until after the election.
Between the suspected supply/demand imbalance that has been misrepresentted and the active geopolitical problems, the upside risk to WTI exceeds $100 in the coming weeks.
JohnnyDoe wrote: HeavyBanana wrote: Wortep wrote: Once the US election is completed we will be back to $80+ for a barrel of oil.
Sanctions on Iran will start to be enforced as soon as the election is decided in my estimation.
I think the Israelis might attack Iranian oil infrastructure after the election.
I sense they've been reluctant to do that during the election. Their last attack took out most of the Iranian defence mechanisms.
If they attack again with similar success, the oil infrastructure comes off line long term. The Israelis are happy and the Americans don't need sanctions