Following this weekend's notable US escalation - with direct intervention against Iranian nuclear facilities - oil prices spiked over 6%, only to give it all back...
As top Goldman Sachs trader, Rich Privorotsky, points out in a brief note to clients this morning, markets remain surprisingly calm - Middle East equities barely moved on Sunday, suggesting limited immediate regional concern (look at the Tel Aviv exchange…not sure it knows/cares a war is going on).
