Business News

Will global oil supply be at risk if Iran and Israel pull the Middle East into war?

Written by Flavio Macau, Associate Dean - School of Business and Law, Edith Cowan University

Tensions in the Middle East have escalated following Iran’s weekend missile and drone attacks on Israel, heightening concerns of a wider conflict.

As with the Russian invasion of Ukraine, further conflict has the potential to destabilise oil prices and disrupt supply chains.

In Australia, already grappling with a cost-of-living crisis, the...

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