Memories of 1979 as Iran disaster sends oil costs larger | DW News

US President Donald Trump says he is not seeking negotiations with Iran but ‘unconditional surrender.’ The last time an Iranian regime fell, in the 1979 Islamic Revolution, the unrest triggered a global oil crisis. Now, oil prices are again soaring. So we want to ask: Could the world be facing a new oil crisis? We ask Kenneth Medlock, Senior Director at the Center for Energy Studies in the Baker Institute for Public Policy at Rice University.

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