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UBS On-Air: Paul Donovan Daily Audio 'More violence, same response'
Published 1 month ago
Description
Violence has reignited in the Gulf, with Iran firing ballistic missiles at US military bases. Crude oil futures responded; Brent rose to over USD 90 per barrel. Of more political focus, Saturday’s US gasoline prices averaged almost USD 4 per US gallon. The geopolitical focus is whether the Red Sea route (taking about 7% of global oil supply) is attacked by Iranian allies.