The conflict between Israel and the radical Palestinian movement Hamas could lead to tougher US sanctions against Iran, which supports Palestine, jeopardizing the possibility of normal relations between Saudi Arabia and Israel and further deteriorating the situation in the Middle East. Any of these points could lead to a sharp increase in fuel prices, the newspaper writes. Policy.
Andy Lipow, president of energy consultancy Lipow Oil Associates, believes fuel prices may rise so much now not because the Israeli-Palestinian conflict is affecting oil supplies, but because of fears that others will be drawn into the conflict. Iranian.
Some energy sector analysts suggest that US President Joe Biden will actually tighten sanctions on Iran. Politico writes that experts fear that in this case, world oil prices will exceed the symbolic benchmark of $ 100 per barrel.
7 October Hamas forces launched Several thousand rockets were fired at Israel and the launch of Operation Al-Aqsa Flood was announced. Against this background, Israeli National Security Minister Itamar Ben-Gvir said on October 7 entry state of emergency in the country.
Israeli Prime Minister Netanyahu announcedthat the country is at war. The IDF’s operation against Hamas was called “Iron Swords”.
Formerly with Israel Police guess duration of conflict escalation.