Israel’s attacks on Iran are already hurting global oil prices, and the impact is set to worsen
- Written by Joaquin Vespignani, Associate Professor of Economics and Finance, University of Tasmania
The weekend attacks on Iran’s oil facilities – widely seen as part of escalating hostilities between Israel and Iran – represent a dangerous moment for global energy security.
While the physical damage to Iran’s production facilities is still being assessed, the broader strategic implications are already rippling through...