Limited Iran Strike Seen as Oil Market Baseline, Not Global Disruptor

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Source: Rigzone
Limited Iran Strike Seen as Oil Market Baseline, Not Global Disruptor
Photo: Rigzone
TL;DR Summary

Morningstar views a limited U.S. strike on Iran as the base case, likely preserving global oil flows and lifting prices mainly due to geopolitical risk; a severe strike or Strait of Hormuz closure is unlikely, while JP Morgan suggests a diplomatic outcome with Iran and a Ukraine ceasefire could keep inventories in check, with Brent prices around the mid-60s.

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