Tag: Persian Gulf instability

Israel’s attacks on Iran are already hurting global oil prices, and the impact is set to worsen

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 … Continue reading “Israel’s attacks on Iran are already hurting global oil prices, and the impact is set to worsen”