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Oil Update—March 2026

Because of the ongoing conflict in Iran, I will not offer an oil price forecast for this month. There is so much misinformation and disinformation issued by all sides—and even by well-respected sources—that it is impossible to have a clear view of what is taking place.

That said, I hope that Iran’s threatening capabilities are soon neutralized and that Iranians are able to enjoy much better lives than they did in the past, with more freedom and liberty.

Like a lot of people, I have been trying to keep up with the developments as best I can. On March 23, The Economist had an interesting and informative interview with Sir Alex Younger, former head of Britain’s MI6 foreign intelligence service. A ten-minute segment early in the interview was released to the public on YouTube. I hope you find it interesting.


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