America China Chinese Electronics Export Exports Iran Iraq Israel Middle East military Oil Sanctions Saudi Arabia shipping United Arab Emirates USA War
Oil prices rose on fears of war in the Persian Gulf. Now the U.S. and Israeli military strikes on Iran could disrupt oil exports and cause prices to spike. Benchmark Brent crude oil prices closed at a seven-month high on Feb. 27 amid global worries of a larger conflict. “As oil markets reopen Sunday evening for electronic trading, crude will almost certainly jump,” said petroleum analyst Patrick De Haan. Energy analysts at Barclays predicted crude oil prices would hit $100 a barrel “as the market grapples with the threat of a potential supply disruption amid a spiralling security situation in…
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