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DealBook Briefing: Is it Time to Worry about Oil Again?

(New York Times) Attacks on two oil vessels in the Gulf of Oman yesterday have escalated fears that the Middle East’s oil supply could become constrained — especially after the U.S. accused Iran of orchestrating the assaults. Oil prices have remained higher since the assault. Secretary of State Mike Pompeo said that American intelligence agencies had decided that Iran was involved in explosions that crippled the two ships, noting the types of weapons used and expertise needed to pull off the attacks. Later, the U.S. military released video that it said showed Iranian forces’ involvement. (Iran strongly denied any involvement.)

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