Iran Sanctions Will Impact Oil Markets

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi

CNBC: Iran's reaction to US sanctions could cause an 'unintended' military conflict, says RBC's Helima Croft

* Iran's reaction to the re-imposition of U.S. sanctions in November could lead to some kind of "unintended military escalation."
* The risk is underappreciated by markets, RBC Capital Markets' oil market expert Helima Croft said.
* "We maintain that Iran 's response to the coercive measures will play an important role in determining the potential upward trajectory of prices," Croft and her team of oil analysts said in a note Wednesday.

Iran's reaction to the re-imposition of U.S. sanctions in November could lead to some kind of "unintended military escalation" – a risk currently underappreciated by markets, RBC Capital Markets closely-watched oil market expert Helima Croft said on Wednesday.

"We maintain that Iran 's response to the coercive measures will play an important role in determining the potential upward trajectory of prices," Croft and her team of oil analysts said in a note Wednesday.

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WNU Editor: On the plus side. U.S. energy companies are very busy .... U.S. Oil Rigs Reach New High as Drillers Chase Price Surge (Bloomberg).

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