Why Rising Middle East Tensions May Drive Global Energy Prices Higher Again
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People around the world watch what happens in the Middle East because it's not just about oil, and there's a lot of it. If the conflicts increase, the likelihood of oil not reaching the market increases. Even the thought that less oil can be sold or ships may be late, can change what people expect. That's why oil prices are infinitely higher whenever news comes about politics or safety in the region.