The energy markets have kicked off the new week on a sour note, with oil prices recording significant declines in early trading on Monday just days after Saudi and Iran agreed to restore diplomatic ties in a deal brokered by China, ending a seven-year rift. While oil prices plunged early on Monday, this latest selloff is more about the fear of contagion over a dramatic Silicon Valley bank failure that snowballed over the weekend, than it is about Iran and Saudi Arabia restoring diplomatic ties.
Nonetheless, analysts…Will The Saudi-Iranian Diplomatic Deal Bring Oil Prices Down?
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