New York Times (March 4)
“All eyes are on the Gulf states’ vulnerable energy facilities and on the Strait of Hormuz, the transitway for crude oil and natural gas that has been paralyzed by Iranian forces” as Iran seeks “to drive up the cost of war….. Unless energy shipments quickly return to normal levels, the upheaval could batter the global economy and ratchet up pressure on President Trump.”
Tags: Batter, Cost of war, Crude oil, Energy facilities, Energy shipments, Global economy, Gulf states, Iranian forces, Natural gas, Paralyzed, Pressure, Strait of Hormuz, Trump, Upheaval, Vulnerable
Seeking Alpha (October 28)
“Benchmark crude oil futures fell Monday in their largest one-day decline in more than two years after Israel’s weekend strikes on Iran avoided energy facilities and ease worries of a wider war that could disrupt global supplies… Analysts said the lack of strikes on oil or nuclear facilities leaves the door open for both sides to de-escalate the conflict.”
Tags: Analysts, Benchmark, Crude oil, De-escalate, Decline, Disrupt, Energy facilities, Futures, Iran, Israel, Nuclear, Oil, Strikes, Wider war
