Iran crisis could trigger sweeping oil-market shock
TL;DR
Rising tensions with Iran and coordinated strikes threaten a sharp, potentially prolonged spike in global oil prices, with near-term surges and prices likely to remain elevated as supply disruptions and geopolitical risk weigh on markets.
Topics:worldfinance-and-economics#energy-security#finance-and-economics#geopolitics#iran#oil#oil-price
- War in Iran could cause the biggest oil shock in years The Economist
- What to expect from oil and gas prices as strikes on Iran continue CNN
- Iran's revolutionary guards tell ships passage through Strait of Hormuz 'not allowed', EU naval mission official says Reuters
- Shipping Traffic Through Strait of Hormuz Plummets After Attacks on Iran The New York Times
- U.S. crude oil set to top $70 a barrel when trading begins on fears of Iran supply disruption CNBC
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