Saturday’s U.S.-led airstrikes on Syria are likely to draw only a muted response in oil markets.
Instead, it will be how Syrian President Bashar Assad’s Iranian and Russian allies react, and whether the White House pulls out of the Iran nuclear deal and re-imposes sanctions on the OPEC producer that will determine any move toward $80.
Syria produces only negligible volumes of oil, but benchmark oil prices rose to their highest since 2014 […]
