Allegra Stratton: The Energy Ink Blot Test
Will the war change views on energy security?
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There are two stories that deserve a little bit of reflection as we end a week the IEA called the "largest supply disruption in the history of the global oil market".
We have all spent the last seven days wondering if, and when, President Trump would look for an off ramp: spiking oil prices are not good for Republican incumbents facing mid-term elections in November. But here we are on Friday and the US is still striking targets - including announcing the new Iranian leader has been hurt and "likely disfigured"; Iran is still trying to close the Strait of Hormuz and oil is still hovering around the $100 a barrel mark (it dipped this afternoon to $99).