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

 

Flag of Iran
Source: (Wikipedia)

 

 

 

 

 

 

 

 

 

 

Quoted in the oilprice.com 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.”

 

For the full article please click the link

https://oilprice.com/Energy/Energy-General/Irans-Retaliation-Could-Cause-A-Middle-East-Oil-Shock.html