West Asia Oil Crisis: Israel Strikes Iran, Global Markets Shaken | Unmissable | News9

Описание: The West Asia conflict has escalated into an unprecedented oil and energy crisis, threatening global markets and supply chains. Israel reportedly struck fuel depots and oil storage facilities in Iran, while Iran retaliated by targeting BAPCO’s largest refinery, alongside attacks on LNG facilities in Qatar and infrastructure linked to Saudi Aramco. Ship traffic through the Strait of Hormuz slowed dramatically as drone attacks and missile threats raised global energy security concerns. Oil prices have surged past $100 per barrel, with analysts warning they could spike to $150 if the crisis escalates. Meanwhile, the rise of Mojtaba Khamenei adds political uncertainty in Tehran, while Washington expresses unease over Israel’s strikes. Historical oil crises of 1973, 1979, and 1990 demonstrate how sensitive global markets are to Middle East oil disruptions. Experts Ujal Singh Bhatia and Subhomoy Bhattacharjee analyze the risks of weaponized oil, potential global inflation shocks, and implications for the world economy.

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