Iran’s Retaliation Could Cause A Middle East Oil Shock By: Gregory R. Copley (Jan 6th,2020)


Flag of Iran
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Quoted in the by author Gregory R. Copley, he states “It seems unlikely that the Iranian response would initially be to launch a military assault on Israel, which it has been planning, but, rather, something which could target the oil production and exports of the US’ key allies in the region: Saudi Arabia, the United Arab Emirates, and Bahrain, in particular (but not exclusively). The event was not only decisive for the US-Iranian dynamic, but it will also have long-term structural effects on the supply of oil and gas.”


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