Why oil prices haven't skyrocketed on Middle East supply fears — yet
Oil prices have jumped more than $5 a barrel since the start of the week amid intensifying fears that Israel could launch an attack on Iran's energy infrastructure.
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Oil prices have jumped more than $5 a barrel since the start of the week amid intensifying fears that Israel could launch an attack on Iran's energy infrastructure.
Iran’s oil infrastructure has been pushed to the center of the escalating conflict in the Middle East, but an Israeli strike on Iran’s energy facilities would also affect China directly.
Oil prices could shoot up $20 per barrel if Iranian production sees a hit, according to Goldman Sachs.
LONDON — European stocks ended the day lower on Thursday as conflict in the Middle East weighed on regional investor sentiment.
LONDON — European stocks closed mixed on Wednesday as investors assessed the ongoing conflict in the Middle East and parsed fresh unemployment data in the euro zone.
Oil watchers are now seeing a genuine threat to crude supplies after Iran launched a ballistic missile attack on Israel, escalating conflict in the Middle East.
Markets are in danger of being "whipsawed" by the combination of regional conflict in the Middle East and rising unemployment in the United States, says Stephen Roach, senior fellow at Yale Law School's Paul Tsai China Center.
Iran fired several waves of ballistic missiles at Israel, a sudden assault that left Israel fighting simultaneously on three fronts. The attack was a sharp escalation in the long-simmering conflict between Israel and Iran, and raises the likelihood of an all-out war between two of the most powerful militaries in the Middle East. Here’s the latest.