Oil jumped following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities. Brent crude rose above $66 a barrel while West Texas Intermediate surged as much as 3.5% before paring gains. It wasn’t clear that Israeli leaders have made a final decision on whether to carry out the strikes, CNN said, citing unidentified officials. Oil has been volatile since last week on mixed headlines about the fate of Iran-US nuclear talks, which could pave the way for more barrels to return to a market that’s expected to be oversupplied later in the year. An attack by Israel would hinder any progress in those negotiations and add to unrest in the Middle East, which supplies about a third of the world’s crude.
Today’s guest: Valérie Noël, Syz Group Head of Trading
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:02:19 – QEF Panel on Hunting For Growth
00:08:56 – Valérie Noël, Syz Group Head of Trading
00:13:31 – Oil Surges on Reports That Israel is Preparing to Strike Iran
00:16:34 – UK Summons Israeli Ambassador
00:20:51 – Dainton: New US Policy is Here to Stay
00:24:55 – Donald Trump Jr Speaks at QEF Panel
00:37:21 – Tesla CEO Elon Musk Says He’ll Scale Back Political Spending
00:41:08 – Musk: ‘Racist Laws’ in South Africa ‘Improper’
00:47:05 – Chinese Trade Practices on G-7 Agenda
00:48:37 – OpenAI, Softbank on $500B Stargate Initiative
——–
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