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The U.S. is laying the blame on Iran after two oil tankers were attacked in the Gulf of Oman, sending oil prices higher.

Joe McMonigle, Senior Energy Policy analyst at Hedgeye Risk Management, explains how this will impact global energy prices and looks ahead to the next OPEC meeting on BNN Bloomberg.

According to McMonigle:

“This is the second tanker attack in a month. Geopolitical risk is rising and the oil market better get ready to see more of it like whack-a-mole for the foreseeable future.”

Click below to watch the full interview.

McMonigle: Geopolitical Risk Is Rising, Oil Market Get Ready - zoil