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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 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 · 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 escalates and...
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 issue.
2 days ago · Investors focus US election. NEW YORK, Nov 1 (Reuters) - Oil prices edged up on Friday on reports Iran was preparing a retaliatory strike on Israel from Iraq in coming days, but record U.S. output ...
Oct 8, 2024 · Last week’s Iranian missile attacks—and muddled White House comments on potential Israeli strikes on Iranian oil infrastructure—produced the sharpest oil price rise in two years. Yet even in this febrile environment, the market is not panicking. Three factors help explain why.
