Calm Before the Storm? Crude Holds Range Ahead of OPEC

Oil markets turned their attention back towards the Iran-Israel conflict as traders wondered whether Iran’s inventories of near-bomb-grade uranium have been depleted, and focused on whether or not Iran will cut off communication with key United Nations officials. There is speculation that if this happens, it could trigger another wave of US strikes.2 pumpjacks at sunset by vadimrysev via iStock