The view from China: CITIC sees Iran war risk ‘bounded’ as blockade outlasts US midterms

What we know so far

investingLive (Nov 10, 06:48): CITIC’s “bounded” framing points oil toward a range rather than a trend. Limited escalation risk caps the upside for crude, while the absence of a negotiated exit keeps Iranian barrels off the market and Hormuz traffic restricted, which puts a floor under prices. That fits this week’s pattern of de-escalation headlines failing to drive a lasting sell-off. For traders, the…