After a week of extreme turmoil in the Middle East, due to the killing of Iranian IRGC leader Soleimani , Iran’s 2 nd in command, and the Iranian missile retaliation , global media and analysts are getting convinced that there is room for negotiation. U.S. President Trump stated that he is open for dialogue with Iran, a move that calmed markets worldwide. Oil prices, which had spiked on the risk of an all-out war between the US and Iran and the possible fall-out for oil and gas production in the region, are now falling back to pre-Soleimani assassination levels. OPEC Secretary-General Mohammed Barkindo and UAE’s Energy Minister Suhail Al Mazrouei added to this bearish sentiment by saying that there is no risk of an oil shortage if hostilities do flare up. Al Mazrouei also reiterated that he doesn’t see any risk that Iran will close the Strait of Hormuz. […]