|
;Resize=(620)) The Kremlin wants to exert its influence in the Middle East and has publicly said its support for Iran, a strategic ally, is unwavering. But experts say there are limits to how far Moscow will go: It does not want to antagonize Washington, and it also stands to gain economically from a global energy crisis.
|
|
Strategists said oil prices were trading higher because there appears to be no end in sight to oil supply disruptions through the Strait of Hormuz.
|
|
The Iran war has rattled global energy markets, but analysts say Europe can avoid a full-blown 2022-style supply crisis.
|
|
Though the war in Iran has continued for almost two weeks, the price of the yellow metal has barely moved.
|
|
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
|
|
A widening Middle East conflict that disrupts trade through the Strait of Hormuz could ripple far beyond the energy markets, risking a spike in global food prices.
|
|
