Oil prices slightly recover, but volatility remains in the Middle East
www.oilfutures.co.uk Crude oil prices started falling on Monday as the markets opened for business, despite the extreme volatility in the Middle East that bordered on a major military conflict. At present, Iran - and its allies - and Israel are on the brink of a major confrontation, unless a face-saving move is made collectively; while reading between the lines it's clear that neither Iran nor Israel wants a protracted war with the corresponding archenemy; the stakes cannot be higher for the theocracy in the former, although both nations are democracies. The speculation was rife on Sunday about an imminent attack on Monday; Anthony Blinken, the Secretary of State of the US, said that he would expect some form of retaliation from Iran in the coming hours, without specifying the details; it was the US that said just after the Assassination of the political head of Hamas that Iran would carry out an attack in 24-72 hours. By Sunday evening, the US said an attack by Iran and its
