Israel-Iran Conflict Rages On; Oil Pares Gains; Tensions Overshadow G-7
The conflict between Israel and Iran continues into its fourth day, with both sides continuing to trade blows that so far have spared critical oil infrastructure. Crude prices dip and stocks rise amid a lack of any further major escalation despite continued hostilities in the Middle East. President Trump and world leaders heads to the G-7. John Prueger, Air Lease CEO says the US needs to maintain a strong Boeing in the wake of the Air India crash involving one of their planes. Bob McNally of Rapidan Energy says crude prices could easily rise a further $3-5 on conflict risks. 'Bloomberg Brief' delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
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