Recent reports indicate that Israel is contemplating air strikes on Iranian nuclear sites as tensions escalate around Iran's nuclear ambitions. This comes in the context of ongoing negotiations led by President Trump to achieve a nuclear deal with Iran. Although officials from Israel declined to provide comments, concerns are rising over potential disruptions in Iranian oil production, which could affect global oil prices. Meanwhile, global energy demand is increasing, with a notable rise expected from major advanced economies and emerging markets amidst a recovery post-pandemic, further intensifying the focus on oil market dynamics.
Major media outlets announced this week that new intelligence suggests that Israel is preparing to strike nuclear facilities in Iran.
Israel has been forceful over the years against the regime, as Iran has historically provided support to both Hamas and Hezbollah.
If they do launch air strikes against Iran's nuclear facilities, oil output from the country could be cut off, and the oil benchmarks could skyrocket.
Global energy demand surged in 2024, as advanced economies rebound, prompting oil giants to fill the gap.
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