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Two Mideast War Scenarios
"An Israel-Hamas war would be tragic, but the impact on the global economy and markets is limited," Rabobank's Michael Every wrote Wednesday, in a note co-authored by Joe DeLaura (an energy strategist) and Stefan Vogel (the bank's general manager for research in Australia & New Zealand).
He added a caveat: "Unless Israel were to lose the ground war in Gaza, which would be a huge shock to the collective West, to say nothing of Israel."
On Wednesday morning, I gently suggested that Israel co
Second US carrier group headed to the area, more USAF aircraft deployed as well. US intelligence reportedly saying Iran was “surprised” by Hamas attack. Read: efforts to avert a state-on-state war.
Saudis and Russians need oil prices to be higher as WTI back toward $80 without any significant geopolitical risk premium. Israelis know who is the origin/source of the ISIS level atrocity inflicted on their babies and grandmothers… which is impossible to justify or defend. It’s hard to see how Iranian oil supplies/production doesn’t get disrupted….