The threat of an escalating conflict between Israel and Iran has created an “extraordinarily precarious” global situation, sowing alarm about the potential economic fallout.
Fears of a Global Oil Shock if the Mideast Crisis Intensifies
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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