The oil shock
THE oil shock is real, with the whole of the Middle East affected, oil and financial markets shaken, consumer prices shooting up, and several economies struggling to deal with the wider repercussions of the war between US-Israel and Iran. The intersection of oil is a defining factor in the ongoing conflict that will reshape global geopolitics and economic partnerships. It is crucial to understand that the ‘oil factor’ remains a primary strategic lever in determining the duration, intensity, imp...
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