Publication date:
April 15, 2024
Geopolitical Tensions in Middle East May Escalate Oil Prices
The recent conflict between Israel and Iran could significantly impact global oil supplies and prices.
Oil Market
The weekend's attack by Iran on Israel has heightened tensions across the Middle East, posing potential risks to oil production and distribution. This disruption could lead to increased fuel prices globally if the situation escalates further. Industry experts are closely monitoring these developments as any prolongation of the conflict may lead to severe disruptions in oil supply chains.