Part 1/6:

Understanding the Recent Escalation in Iran: Oil Prices and Military Implications

In a recent commentary from Colorado, Peter Zin examines the ongoing military actions in Iran, which saw Israel targeting its nuclear facilities. Despite the aggression, Zin points out an unexpected stability in oil prices, which have fluctuated by less than 10% amidst a significant geopolitical event.

Historical Context of Oil Price Reactions

Historically, any conflict involving Israel—especially those entangled with Iran—would trigger considerable spikes in oil prices due to the strategic importance of the Persian Gulf, the world’s largest crude oil exporter. However, this time, the reaction has been muted. What changed?