Oil Prices Are Jumping. What History Says Happens When Conflicts Threaten Supply. - Barron's
1. Escalating Israel-Iran conflict raises oil prices but may have limited long-term effects. 2. Geopolitical oil supply concerns are often exaggerated; historical supplies remain stable. 3. West Texas Intermediate oil rose to $76.58; BP shares increased by 1.44%. 4. Iran's oil supply remains intact; potential blockages could affect prices significantly. 5. Demand drives long-term oil price trends; current demand is still weak.