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If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences | Adam Hanieh
China consumes around 90% of Iran’s oil exports, so could be forced to rely on alternative suppliers – particularly Russia, says Adam Hanieh of the Soas Middle East Institute
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bbc.com
Why the price of oil matters more than you might think
A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
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theguardian.com
Oil prices drop sharply after Trump moves to reassure markets over Iran war
US president describes conflict as ‘very complete’, but threatens further strikes after Iran says it won’t allow ‘one litre of oil’ to leave Middle East while war continues
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Oil prices plunge after Trump suggests Iran war could end soon
The oil price reached nearly $120 a barrel on Monday over fears of lengthy disruption to supplies.
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aljazeera.com
US consumers express dismay over rising gas prices after attack on Iran
Oil prices have shot up as the war snarls transportation and production in one of the most energy-rich regions on earth.
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Oil price tops $100 again as Iran strikes economic targets across Middle East
Vast release of emergency crude reserves fails to quell mounting fears around energy supply crunch, rattling global markets
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fortune.com
Recession and stagflation risks are rising due to Iran conflict, as economist warns it’s ‘getting harder to argue disruption will be…
"Clearly, the longer that oil remains at these levels, expectations of a sustained shock will only grow," Deutsche Bank's Jim Reid said.
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If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences | Adam Hanieh
China consumes around 90% of Iran’s oil exports, so could be forced to rely on alternative suppliers – particularly Russia, says Adam Hanieh of the Soas Middle East Institute
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Oil stays above $100 a barrel amid Iran’s stranglehold on Strait of Hormuz
Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.
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cnbc.com
Oil holds above $100 as Trump says America ‘has ammunition and plenty of time’ to fight Iran war
WTI crude saw its biggest weekly gain since the 1980s last week.
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Oil poised for further gains as Middle East conflict threatens export facilities
Brent and U.S. crude futures have already spiked, surging more than 40% so far this month to their highest levels since 2022.