accountThe crude oil futures market has rallied in the face of declining market internals due to politics. The threat to shut off crude oil supply by blockading the Straits of Hormuz in the Persian Gulf is merely a threat. Iran is not ready to assume that type of role in the world's market. However, they're also not afraid to boost prices for their primary export.
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Reactions to Commodity Trading - Future and Present: Selling Fear in Crude Oil
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