A disastrous Iran war? The US is now a mover and shaker of oil markets

Many see the US war on Iran as a colossal geopolitical bungle, failing to secure its larger strategic objectives. Yet it has allowed the blundering Trump administration to move into an immensely powerful position – one it seems ready to embrace. With its new-found sway over Venezuela’s oil reserves, degradation of Iranian exports and selective sanctions on Russian oil, Washington…