Posted inAfrica Alternative and Renewable Energy Biden, Joseph R Jr China Developing Countries Economic Conditions and Trends Europe International Relations International Trade and World Market Iran Israel Middle East Oil (Petroleum) and Gasoline Putin, Vladimir V Refineries Russia Russian Invasion of Ukraine (2022) United States Economy United States International Relations War and Armed Conflicts
Fears of a Global Oil Shock if the Mideast Crisis Intensifies
The threat of an escalating conflict between Israel and Iran has created an “extraordinarily precarious” global situation, sowing alarm about the potential economic fallout.