Shock waves from the war Israel and the United States launched against Iran at the end of February have sent oil prices skyrocketing—from $64 a barrel a year ago to $106 a barrel now. This episode joins a long list of embargoes, oil-price shocks, nationalization waves, and resource wars that have made petroleum the textbook case of commodity-driven instability. Yet the kinds of economic and geopolitical volatility that defined the oil age may well look minor compared with the turbulence the

Tag-uri: Petrol