Risk of All-Out War in Middle East Drives Oil Price Higher

The price of oil has soared this week as the escalation of hostilities raised the possibility Middle East oil supplies could be disrupted. Israel and Iran, as well as Tehran’s proxies in Lebanon, Gaza and Yemen have been facing off for the past year, stoking fears of an all-out conflict that could drag in other countries. Our EMEA News Director Rosalind Mathieson joins Stephen Carroll and Lizzy Burden on Bloomberg Radio to discuss the latest developments on the ground and its implications on oil markets.
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