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Forum - VelocityShares 3x Long Crude Oil - UWT   

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From: apmoore (Rep: 41) reply to hokk124Date: 09/16/2019 12:44
Forum: VelocityShares 3x Long Crude Oil - Msg #114Thread #674098946 (Rec: 0)
Re: Iran fired cruise missiles in attack on Saudi oil facility: Senior US off...

Exactly. For Iran, the attacks are the only workaround to the current sanctions on their oil exports. When oil prices are high, it helps offset the negative effects of the reduced exports. Desperation by Iran can easily precede such aggressive action. I guess Iran figured they can just make use of "Plausible Deniability" to avoid the repercussions of it all.



Reply to hokk124 - Msg #2799801 - 09/16/2019 12:28

Re: Iran fired cruise missiles in attack on Saudi oil facility: Senior US off...

+++

Iran wanted higher oil prices and they got them.
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