A sharp escalation of tensions between the United States and Iran has caused crude oil prices to surge. They may not stay elevated for long | Analysis by CRrileyCNN
London A sharp escalation of tensions between the United States and Iran has caused crude oil prices to surge. They may not stay elevated for long.
Tehran has promised retaliation for the killing of top general Qasem Soleimani on President Donald Trump's orders. But analysts expect a limited response that won't significantly disrupt crude supplies, keeping a lid on oil prices.Analysts at Eurasia Group, a risk consultancy, say retaliation will be carefully calibrated and likely stop short of what would be considered a major, or even limited, armed conflict.
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