America - now cannot open up a new war front in the middle east.
There cannot be another “Oil Scare” at this time then.
(Futures contracts up to six months out - are demand-driven in price over the Christmas period, usually busy for the purchase of Oil and related products across the winter months - but now apparently dropping off a cliff?)
Without the demand there, the price of Oil and the entire energy complex - falls back, with “cost of living” already driving demand off the cliff as we approach the likliest biggest “Bleak Christmas” since that of 1947…
The silver lining is that Hunt can now look forward to a sharp drop in inflation across Christmas - but is he now going to squander any would-be build up of Tory hopes on a completely useless cut in Inheritance Tax, which won’t be levvied upon people selling their houses at a LOSS now anyways?