Oil is bid over $73, as Hezbollah probes Israel's missile defense shields with a larger than usual drone attack. Will Israel preemptively launch a massive attack on Lebanon? And will Iran, then attack Israel? (update 1)

 



6th August trading range remains in tact, as a verified attack on Israel by Iran appears imminent, via AXIOS "New Israeli intelligence suggests Iran prepares to attack Israel within days":

New headlines:

  • US accelerates military deployment to region amid reports Iran may attack within days - The Guardian
  • Hezbollah fired rockets into Israel as threat of Iran attack looms - CNN
Oil is bid over $77, moving into its $78 trading ranges, with $80 price resistance in sight.

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