Past conflicts involving oil-producing nations in West Asia have significantly impacted global crude-oil prices. However, the recent ongoing hostility between Israel and Iran has been less significant ...

Future conflicts may be decoupled from oil shocks, giving Western powers more freedom to engage politically in the region without immediate energy security concerns.

Israel strikes doubled tanker premiums and cut 17 % of data traffic, exposing twin chokepoints. See how boards must now hedge.

Explore the potential consequences on UAE and global energy markets should Iran decide to close the strategically important Strait of Hormuz, affecting oil supplies and economic stability worldwide.

In 1973, the world experienced a major turning point in automotive history. The Organization of Petroleum Exporting Countries (OPEC) decided to tighten the flow of oil to the United States, triggering ...

Iran has threatened to block the Strait of Hormuz on several occasions over the years, including in January 2012 in retaliation for US and European sanctions, but has never fully executed such a move.

And a ‘large disruption’ – featuring a supply fall of 6 million to 8 million bpd (like the drop seen in the 1973 Oil Crisis) – would push the oil price up 56-75 percent.

The real nail in the coffin came in 1973, when OPEC oil suppliers imposed an oil embargo on the United States, essentially tripling the price of oil. U.S. automakers were forced to respond by ...

The answer is found on Oct. 17, 1973. On that day, the Organization of Petroleum Exporting Countries (OPEC) announced production restrictions that led to a quadrupling of oil prices within a year.

The 1956 Suez canal block that led to the rationing of fuel in France and the UK, the 1973 Yom Kippur War, the 1979 Iranian revolution, the current Gaza crisis and similar turbulence in the Middle ...

Analysis - Triggered by the 1973 Yom Kippur war, an unprecedented surge in global oil prices took hold the following year. Spiralling inflation forced workers, students and soldiers onto the ...