EconomyWald: Middle East Risks Keep Oil’s Risk Premium in Place

Ellen Wald, president of Transversal Consulting and a nonresident senior fellow at the Atlantic Council Global Energy Center, says she sees no recent presidential move capable of materially lowering oil prices. Brief declines prompted by statements or social media have not held, and the market has mostly abandoned hopes for a near-term end to the conflict. She says buffers accumulated over the past six months are nearly depleted, while reported oil flows through the strait…