-
How the attack on Iran could impact the global oil market and economy
The joint U.S. and Israeli attack on OPEC member Iran risks a major oil supply disruption in the Middle East that, in a worst-case scenario, could trigger a global economic recession. Iran is the fourth-largest oil producer in OPEC at just over 3 million barrels per day in January. The Islamic Republic shares a coastline with the Strait of Hormuz, the world’s most important waterway for the global oil trade. The oil market has long shrugged off the risk of an oil supply disruption in the Middle East. Traders are underestimating the threat that Iranian retaliation to the U.S. attack poses to the market, said Bob ... (full story)
- Comments / Top
- Subscribe
Tony112
Feb 28, 2026 7:24pm
Permalink
Polimini
Mar 1, 2026 4:29am
Permalink
The Fool
Mar 1, 2026 2:04pm
Permalink
DwnUndrTrdr
Feb 28, 2026 10:10pm
Permalink
Hunk.18
Mar 1, 2026 4:58am
Permalink
Czyker26
Feb 28, 2026 11:17pm
Permalink
Orifx1
Mar 1, 2026 2:51am
Permalink
Pacificmwend
Mar 1, 2026 5:50am
Permalink
Robi.K
Mar 1, 2026 1:22pm
Permalink
Trader#61E1
Feb 28, 2026 6:42pm
Permalink
Trader#AA14
Feb 28, 2026 10:23pm
Permalink