The Federal Oil Price Forecast Assumed Peace. The War Resumed Three Weeks Later.
On July 7, the U.S. Energy Information Administration published a forecast built on the assumption that the war was over. The July Short-Term Energy Outlook took as its premise the June 18 memorandum of understanding between the United States and Iran, which formalized a sixty-day ceasefire and reopened the Strait of Hormuz. Working from that […]
The Federal Oil Price Forecast Assumed Peace. The War Resumed Three Weeks Later. Read More ยป