Where are Ripples from the Oil War Heading?

Crude Oil, Fossil Fuel, Price, Reduction, Graph

By Norman T. Roule

Norman Roule is a geopolitical and energy consultant who served for 34 years in the Central Intelligence Agency, managing numerous programs relating to Iran and the Middle East. As NIM-I at ODNI, he was responsible for all aspects of national intelligence policy related to Iran, including IC engagement with senior policymakers in the National Security Council and the Department of State.

Global markets responded on Monday to fears of a second-wave of coronavirus infections and one of the industries feeling the pressure is the gas and oil market.  This comes as Reuters cites multiple sources saying that Saudi Aramco is cutting July crude supplies to at least five buyers in Asia.

The Cipher Brief spoke with our expert Norm Roule about what this means, the broader market, and where things are likely headed. 

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