Could war in the Gulf push oil to $100 a barrel?
Missiles are flying over a region that supplies a third of the world’s crude
EVER SINCE Hamas’s attacks on Israel a year ago, the biggest fear in oil markets has been that tensions would escalate into a full-blown regional war pitting Israel against Iran, the world’s seventh-largest producer of crude. Until recently both countries seemed keen to avoid it. That explains why initial jitters on oil markets after October 7th last year soon gave way to the low and stable prices that have prevailed for much of this year.
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This article appeared in the Finance & economics section of the print edition under the headline “Worst-keg scenario”
Finance & economics October 12th 2024
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- Could war in the Gulf push oil to $100 a barrel?
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- Can markets reduce pollution in India?
- Why have markets grown more captivated by data releases?
- China’s property crisis claims more victims: companies
- How bond investors soured on France
- Can the world’s most influential business index be fixed?
From the October 12th 2024 edition
Discover stories from this section and more in the list of contents
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China’s property crisis claims more victims: companies
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Europe’s green trade restrictions are infuriating poor countries
Only the poorest can expect help to cushion the blow
How America learned to love tariffs
Protectionism hasn’t been this respectable for decades