Looks like at least two weeks of elevated oil prices, meaning oil pure play Karoon Energy shorts may IMHO be better off actually watching the news and considering their trading positions on a more informed basis, rather than reporting news alerts that are all over every live news feed for anyone paying attention as unsubstantiated like they can make it all go away by closing their eyes and the world will kumbaya and POO will be magically back to covid levels, good luck with that… like this just in from the Wall Street Journal
Israeli Operation Likely Won’t Be Over for Many Days, Official Says
Israel's operation against Iran's nuclear program, military leadership and arsenal of missiles is nowhere near over, with Israel having planned out 14 days of operations, a senior Israeli official said.
The likely duration of the campaign fits with analysts' expectations that a single wave of strikes wouldn't be able to do enough damage to Iran's nuclear program and Israel's comprehensive approach of attacking Iran's facilities, leadership and arsenal at the same time to limit the possibility of a retaliatory strike.
The pattern is similar to the one Israel deployed against Lebanese militia and Iranian ally Hezbollah—decapitating its leadership, degrading its arsenal and pushing it to a settlement.
Report that.
KAR Price at posting:
$1.99 Sentiment: Buy Disclosure: Held
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