WS #11298
Iran threatens 'forceful response' against ships using unapproved routes in Strait of Hormuz, countering the prevailing bearish oil thesis; Citi sees Brent sliding to $60 by year-end as supply fears ease, but new threats add complexity. Canada launched a new pipeline project to transport 1 million barrels/day from Alberta to the Pacific coast, reducing dependence on US and bullish for Canadian energy infrastructure.
Iran-US Conflict and Oil Market
Iran threatens 'forceful response' against ships using unapproved routes in Strait of Hormuz, countering the prevailing bearish oil thesis; Citi sees Brent sliding to $60 by year-end as supply fears ease, but new threats add complexity.
Canada launched a new pipeline project to transport 1 million barrels/day from Alberta to the Pacific coast, reducing dependence on US and bullish for Canadian energy infrastructure.