Oil Bulls Wake Up as Trump's Transactional Approach Puts Middle East at Risk

The Middle East will again dominate front-page headlines in the coming days. Newly elected U.S. President Trump, as promised during his election campaign, is putting the already fragile security situation in the Middle East and North Africa at risk, as his statements regarding Gaza, Israel, and Iran are unlikely to support stability. At the same time, the Washington administration is pursuing a full-scale oil and gas confrontation with OPEC+ and Iran. Already, Gaza-based extremist group Hamas has delayed its handover of Israeli hostages, while…