News Formal

Is The West Prepared To Deal With Potential Iranian Sabotage Of The Oil Market

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 13 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 68%

Iran News

Geopolitics,Oil,Oil Prices

The parallels between the onset of the current events in the Middle East and those that preceded the 1973 Oil Crisis are uncanny

As with the Russia-Ukraine War, a key component of the Israel-Hamas War and the underlying conflict between Israel and Hamas’s sponsor, Iran is oil. The question of how core European countries are to keep their economies going if Russian oil and gas flows are fully sanctioned has long threatened to derail the West’s response to increased Russian aggression in Europe, as analysed in full in my latest book on the new global oil market order.

dollar terms since 1988. That said, China again has been a key factor in reducing the threat of this option being used since then, with its efforts to ensure a seamless route for its broader ‘Belt and Road Initiative’ across the Middle East.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why No Major Oil Company Is Rushing To Drill Pakistan's Huge Oil ReservesA long exploration effort has led to the reportedly massive discovery of oil and gas reserves in Pakistan's territorial waters, but no oil majors is rushing to commercially drill those reserves
Source: OilandEnergy - 🏆 34. / 68 Read more »