Vakhshouri: Prolonged Iran War to Tighten Oil Supply

Rising oil prices have been whipsawed by the fading hopes of a US-Iran peace deal, as fresh fighting across the Middle East has sparked new fears of supply disruptions, particularly through the crucial Strait of Hormuz. Sara Vakhshouri, an expert on oil markets, suggests that a prolonged conflict could tighten the global oil supply, influencing prices and economic stability worldwide. This situation underscores the critical geopolitical importance of the region, highlighting how military tensions can have far-reaching economic implications.