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Analyst Warns of Impending Market Shifts as Oil Holds $70 After US-Israel Strikes on Iran
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Analyst Warns: Oil at $70 After US-Israel Strikes on Iran, 'Something is Coming'
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Moneycontrol
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01-03-2026, 17:24
Analyst Warns: Oil at $70 After US-Israel Strikes on Iran, 'Something is Coming'
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Brent crude holds at $70 a barrel despite confirmed US-Israel strikes on Iran, contrasting with past geopolitical crises.
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Market commentator Jack Prandelli highlights historical oil price reactions to global shocks, noting current calm.
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Past crises like the 1979 Iran crisis and 1973 OPEC embargo saw oil prices double or quadruple.
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Prandelli observes no damage to export terminals or closure of Hormuz despite escalation.
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He cautions that markets often underestimate early-stage geopolitical risks, suggesting current calm may be temporary.
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