Summary of Wider escalation in Middle East can spike oil prices, Borrell warns

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Wider escalation in Middle East can spike oil prices, Borrell warns

According to the diplomat, this could "drag the region into a major conflict, and this would naturally affect oil prices"

https://tass.com/world/1851461

European Union High Representative for Foreign Affairs and Security Policy Josep Borrell expressed concerns about the potential escalation of the conflict in the Middle East, which could lead to a significant increase in oil prices. He warned that a major conflict between Israel and Iran could drag the region into a larger conflict, affecting oil prices.

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Published at

2024-10-06 17:11:41

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