How will US, Israeli strikes on Iran affect oil markets?

LONDON — The US-Israeli strikes against Iran and reprisals by Tehran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years. AFP looks at the risks. Major producer Iran remains just inside the world’s top 10 oil producers even though its output has fallen sharply since the 1970s, hit in particular by rounds of US sanctions. The country produces about 3.1 million barrels per day, down from around double that output in the 1970s. READ: Iran’s supreme leader Khamenei confirmed dead – Trump This remains a significant amount, and the Islamic […]... Keep on reading: How will US, Israeli strikes on Iran affect oil markets?