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If the Iran war takes oil above US$120 a barrel, how bad could the shock get? (www.scmp.com)

submitted 2 weeks ago by rss@news.abolish.capital to c/china@news.abolish.capital

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With the US-Israel war on Iran entering its third week, the world faces the risk of a more severe oil shock as military strikes expand to major energy infrastructure, heightening fears of a prolonged conflict. In this explainer, the South China Morning Post examines the latest developments and factors driving oil price volatility and assesses the potential impact on the global economy. Energy infrastructure: what is the latest? An Israeli air strike hit energy facilities on Wednesday at Iran’s...

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