Middle East Tensions Drive Oil and Market Uncertainty
TL;DR Summary
Saudi Arabia increased oil production ahead of Israel's attack on Iran, possibly influenced by US pressure, to manage market share and geopolitical risks, while also considering its own strategic interests and previous experiences with price fluctuations.
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- Israel-Iran: Oil Market Long Numb to War Risk Confronts Weekend of Worry Bloomberg.com
- Investors choose safe havens, oil over equities as Middle East erupts Reuters
- Israel-Iran attacks and the 2 other things that drove the stock market this week CNBC
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