SE: Oil Markets Seem to Be Ignoring the Geopolitical Risk Premium: Richard Nephew
Bloomberg Markets & Finance via Youtube
Sep.26 — Oil reversed declines on Thursday after the U.S. announced it would send air defense systems and troops to Saudi Arabia following attacks on the country’s oil production facilities that shut half of its output. The attack has been blamed on Iran, and any military response risks destabilizing a region that is home to some of the world’s largest oil producers. Bloomberg’s Alix Steel discusses geopolitical tensions with Richard Nephew, a senior research scholar at Columbia’s Center on Global Energy Policy and former principal deputy coordinator for sanctions policy at the U.S. Department of State.