Unpublished Newswire

Over the past month, the price of oil has been bouncing around like a lie detector machine. The joint United States–Israel attack on Iran that began in February triggered the biggest one-month price gain in oil’s history. The price of Brent crude has surged and plummeted with every twist in the war. Key points The Iran war has recently increased the volatility of crude oil prices globally Global financial institutions have consistently identified oil spikes as a major driver of inflation Risk of dependence on other nations’ oil has caused some countries to expand renewable energy use...