Oil markets got a brusque reminder that geopolitical risk is alive and well Thursday when crude prices spiked in response to military actions by Saudi…

Source: foreignpolicy.com

"What’s remarkable is not the market jitters on Thursday, but rather the almost complete absence of geopolitical risk as a factor for oil traders over the past year despite a host of reasons for furrowed brows. In years past, bombings in Beirut or saber rattling in important bottlenecks like the Strait of Hormuz would send oil prices jumping. That hasn’t been the case lately — despite plenty of things to worry about in the energy world."

See on Scoop.it – Oil and Gas Development in Lebanon and East Mediterranean