Where are Ripples from the Oil War Heading?

By Norman T. Roule

Norman T. 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. He served as the National Intelligence Manager for Iran (NIM-I) at the ODNI from 2008 until 2017. As NIM-I, he was the principal Intelligence Community (IC) official responsible for overseeing all aspects of national intelligence policy and activities related to Iran, to include IC engagement on Iran issues 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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