Mideast war threatens to spark world energy crisis

Tamara Ceaikovski

PARIS: Asia and Europe's oil reserves can soften the immediate impact of the Middle East war sparked by US and Israeli strikes on Iran , but a prolonged conflict could trigger major disruptions and sharp price increases, analysts warn. Here are facts and expert views on some of the possible impacts on the world energy market from the conflict in a key oil- and gas-producing region. GULF CRISIS Saudi Arabia is the world's second‑biggest oil producer after the United States, and Iran ranks among

Mideast war threatens to spark world energy crisis https://www.channelnewsasia.com/ - 00:37

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Mideast war threatens to spark world energy crisis https://www.channelnewsasia.com/ - 00:37