Iran war will test the vulnerability of oil markets
While there are buffers of supply, spare capacity will come under pressure in the event of any further escalation
While there are buffers of supply, spare capacity will come under pressure in the event of any further escalation

Investors have been right to identify geopolitics as a rising risk factor

Vitol, Trafigura and rivals expand credit lines in anticipation of prolonged disruption to global oil and gas flows

As Opec members have long understood, it is not a good idea to give users of your product an incentive to find alternatives

Some of the world’s biggest fuel importers rush to secure oil and gas supplies as Middle East conflict chokes flow

Hopes for peace deal fade amid uncertainty over possible talks in Pakistan this week

Extent of increase likely to depend on whether Tehran retaliates with attacks on oil infrastructure or shipping in Strait of…