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These are shaky times for oil markets. An expert explains what a prolonged war will mean for prices

By Adi Imsirovic, Lecturer in Energy Systems, University of Oxford

The US-Israel strikes on Iran have launched one of the most dramatic conflicts in the Middle East in living memory. Aside from military targets, Iranian forces have attacked commercial shipping and infrastructure in the region. The objective is simple: to disrupt oil exports and weaken its opponents’ economies.

While the oil market is perfectly capable of absorbing short-term supply shocks, it is possible…

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