Israel-Hamas Conflict Raises Fears of Regional Instability and Higher Oil Prices
-
Escalating conflict between Israel and Hamas threatens to spur regional instability and impact oil markets, echoing 1973 Arab oil embargo.
-
Iran seeks to exploit tensions to weaken Israel and US influence, could activate proxies like Hezbollah.
-
Emergency supplies from Qatar may help alleviate short-term price spikes in the West.
-
IEA can coordinate release of emergency oil stocks, but OPEC+ controls 40% of global crude supply.
-
Regional war could shift long-term market dynamics in producers' favor, as in 1973.