Oil, Iran And Israel: It's About Uncertainty, Not The Barrels
1. Oil prices surged due to Israeli attacks on Iran, increasing market fears. 2. Shipping through the Straits of Hormuz is critically essential for oil supply. 3. The risk of prices surpassing $100 per barrel could depress global economy. 4. Historical context shows hoarding tendencies can exacerbate oil price crises. 5. Current instability hints at a possible recession fueled by high oil prices.