Could Israel-Iran Conflict Spike Oil Prices? | DW News

As the conflict in the Middle East escalates, Israel is thought to be considering attacking Iranian oil fields. What will it mean for oil prices, given that Iran is one of the world's largest suppliers of oil? Energy consultant Carole Nakhle breaks down how markets could react.

Chapters:
0:00 The concerns about oil prices
0:28 Carole Nakhle, Specialist in energy resource and finance

Follow DW on social media:
#dwbusiness #iran #oil

[tomcolvin]

Europe already has energy problems without cheap Russian gas, without middle east oil economies will collapse.

[Paul-kptu]

There is no doubt in my mind that oil prices will spike and it will have nothing to do with the supply of oil. It is simply a period of anxiety during which those in control of supply and pricing hike up the cost and screw the world, again.

[K-ri]

Is it an oil war, Religion war or a country War😅?

[Allindays]

Don't do it, BB.
The world will blame you for raising the gasoline price.
We've just begun to recover from inflation, and gasoline price is a big part.

[gypo_gault]

Of course it will whether there is actually any affect or not

[adne]

*when israel say Iran, Palestine, Lebanon, Syria, Saudi Arabia will pay. the mean USA & UK will pay because ultimately USA & UK bankrolls its allies 😂*

[jesselee]

Oil prices have already gone up so the real question is not if, but how much.

[paulwhite]

Prices will increase even if there is no effect.

[diazvirdani]

*Israel🇮🇱 must respect soveregnity territorial integrity of Palestine (east Jerusalem, West Bank Gaza strip), Syria (Golan). end war & keep peace 🤲*

[AmonTheWitch]

great opportunity for a green energy transition eh?

[freebk]

Israel bombing Iranian oil fields should not affect oil prices on a large scale. Because as said here, most of the oil is being exported to China and not to the rest of the world because of sanctions. However, if the war wildfires in the region, in other neighboring countries, it will definitely increase the oil prices.
The apathetic, blackguards oil companies will jump on to this opportunity to raise the prices to make a quick profit of billions of dollars!!!

[ArchersPlace]

guess Israel should cover the costs... what!?! america is paying for this dance!? nooo. lol

[ramsnation]

😬 more work, more hrs and more money for us oil workers 🙌🏽💪🏽

[godgiftmmesoma]

*Thanks for keeping us updated! I feel sympathy and empathy for our country. low income people are suffering to survive, and I appreciate Amanda. You've helped my family with your advice. imagine investing $30, 000 and receiving $95, 460 after 28 days of trading*

[sergeanttibs]

Carol Nahkle, you are the most stunning genius I have ever seen. I was captivated by both the beauty and insight.

[kongthai..]

Usual observation.
BeV use expansion to 25% or less 2.5% petrol use. Sanction by Russian Central Military Command cause Gas shortage, proxy forces in West Asia, North Africa cause supply chain disruption.

Recession in EU.

2025 will see -15% consumption from peak in 2018. Proxy states very concern of reducing usefulness to their patrons.

DW, France24 is studying the effects. $30 a barrel price? BeV & NeV speeding up as instability especially in EU and East Asia.

😢

[homayuns]

Luciferyahu may run the oil, food and all prices to the roof for all of us.

[Crowsef]

Israel bombs civilians…
USA:

Israel bombs the oil fields…
USA: LeTs TrY PeAcE TaLkS!

[Do-not-be-sheep]

If he IDF takes out their refineries it won't increase prices it will lower oil prices. However, within Iran and Russia refined oil products will skyrocket which is exactly what we want

[henryterranauta]

🇫🇷🇬🇧🇩🇪🇫🇷🇬🇧🇩🇪Le combustible🇩🇪🇬🇧🇫🇷 de chauffage est le principal 🇫🇷défi de l’Europe !