Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)
- Written by Adi Imsirovic, Lecturer in Energy Systems, University of Oxford

The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks’ ability to cope in an already uncertain market.
Iran exports up to 2 million barrels of oil and refined petroleum products per day (million barrels per day – mbd). Due to long-...