US EditionWar in the Middle East | Oil Shock and War Fears Hammer Rand and Rattle Investors
4 Articles
4 Articles
MAINTENANCE - Oil prices flew in a few hours on Monday, reaching at the highest 119 dollars, close to the peak of 127 dollars seen in 2022. Without sign of de-escalation, it would not be surprising that this record rise continues, according to economist Ruben Nizard.
The war in the Middle East has brought to light the dependence of countries on oil to function. In France, despite the decarbonization of energy, with nuclear and electricity, more than half of our uses come from fossil fuels.
The war in the Middle East is causing a sharp rise in the price of oil. The barrel, which has nearly the 120 dollars, is now turning around a little more than 100 dollars. An increase in prices due mainly to disturbances in the Strait of Ormuz, a strategic passage through which about 20% of oil and gas transits...
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