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Oct 4, 2024 · The risk of an escalating war between Israel and Iran is testing the global market’s faith that crude oil prices would be insulated from a widening of hostilities across the Middle East.
Oct 3, 2024 · Thummel said a prolonged disruption, such as a closure of the strait that temporarily reduces global oil supply by 20%, would cause oil prices to "temporarily spike" - potentially over $100 a...
Oct 2, 2024 · An escalation of fighting between Israel and Iran could cause oil prices to spike and send a chill through the global economy.
- Andrew Ross Sorkin
Apr 15, 2024 · London CNN — Iran’s unprecedented attack on Israel over the weekend has ratcheted up tensions in the oil-rich Middle East yet again, threatening to send fuel prices skyward if the conflict...
Oct 3, 2024 · Global crude oil prices rose by more than 4% on Wednesday, surging after President Biden told reporters he was “discussing” the question of whether the U.S. would support an Israeli attack on...
- Camila Domonoske
Oct 9, 2024 · Iran's economy is heavily dependent on oil exports but a strike on energy facilities could have triggered a spike in global oil prices ahead of the U.S. election, where inflation is a key...
Oct 3, 2024 · Oil prices could surge past $200 a barrel if Iran's oil installations are taken offline, a chief commodities expert said. Iran accounts for over 2 million barrels of crude exports per day....
