Tag: Middle East war economic impact

The US and Israel’s attack may have left Iran stronger

By Bamo Nouri, Honorary Research Fellow, City St George’s, University of London Israel’s attack on Iran last month and the US bombing of the country’s nuclear facilities, the first-ever direct US attacks on Iranian soil, were meant to cripple Tehran’s strategic capabilities and reset the regional balance.The strikes came after 18 months during which Israel … Continue reading “The US and Israel’s attack may have left Iran stronger”

Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)

By Adi Imsirovic, Lecturer in Energy Systems, University of Oxford The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks’ ability to cope in an already uncertain market. Iran exports up to 2 million barrels of oil and refined petroleum products per day (million … Continue reading “Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)”