Summary of Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
Summary of Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
The source article:
The recent escalation in the Middle East, with Iran launching a ballistic missile attack on Israel in retaliation for the killing of Hezbollah leader Hassan Nasrallah, has put global oil supply at risk. Analysts suggest that Iranian oil infrastructure could soon become a target for Israel, potentially leading to a significant disruption in oil supply. The conflict may push oil prices back to $100 per barrel, impacting global markets. With tensions rising and the possibility of further attacks on Iranian oil facilities, experts warn of a new phase in the war that could have far-reaching consequences on energy markets worldwide.
The source article:
quoting nevent1q…t985Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
Oil watchers are now factoring in a genuine threat to crude supplies after Iran launched a barrage of missiles on Israel.
https://www.cnbc.com/2024/10/02/oil-watchers-now-see-a-real-threat-of-supply-disruptions-after-latest-iran-israel-escalation.html
The recent escalation in the Middle East, with Iran launching a ballistic missile attack on Israel in retaliation for the killing of Hezbollah leader Hassan Nasrallah, has put global oil supply at risk. Analysts suggest that Iranian oil infrastructure could soon become a target for Israel, potentially leading to a significant disruption in oil supply. The conflict may push oil prices back to $100 per barrel, impacting global markets. With tensions rising and the possibility of further attacks on Iranian oil facilities, experts warn of a new phase in the war that could have far-reaching consequences on energy markets worldwide.