Ben Salisbury, director of research & senior policy analyst at Height Capital Markets, joins ‘Squawk on the Street’ to discuss the important elements to consider regarding oil price action as the Israel-Hamas rages on, Iran’s centrality to the global oil market, and how Saudi Arabia plays into the fold.
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Why prove Iranian involvement?
No proof was needed to attack Iraq for Weapons of Mass Destruction.
How much oil did Iran sell last year. 2-3 million barrels a day. At 70-80$ per barrel? Iran is funding Hamas. That’s certain.