The Iranian warships passed the Suez Canal

As part of the current Middle East turmoil the two Iranian warships were reported to have passed the Suez Canal and they are currently in the Mediterranean Sea, for the first time since 1979, and en route to Syria.

These warships affect the already high tension in the Middle East and put pressure on Israel. It will remain to be seen if this news will have any affect on stability of the region and consequentially crude oil price.

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