Given Israel is under direct attack by Iran, is there an extremely good chance this will increase the crude oil price per barrel (and eventually, in Oz, at the petrol pump, perhaps accentuated further by the A$ dropping further below 65 cents?
Iran only produces 3.5 per cent of the world's oil but an all out war between these two must deeply concern other Middle Eastern nations.
Isn't there often some correlation between oil and thermal coal prices when there are supply (or demand) shocks affecting crude oil?
Ann: Company presentation, page-425
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