Trump’s War on Iran Has Broken the Oil Market

Almost 8 months into Trump’s war on Iran, we can see more clearly the consequences of this quagmire.

The Core Event

Some have been quite unexpected, like the surprising resilience of the oil market, the emergence of multiple failure points outside of Hormuz (including Bab-al Mandeb, the East-West pipeline, and global refinery capacity), and the increased risk of regionalization for the conflict.

Key Facts

Almost 8 months into Trump’s war on Iran, we can see more clearly the consequences of this quagmire.

Context & Significance

Some have been quite unexpected, like the surprising resilience of the oil market, the emergence of multiple failure points outside of Hormuz (including Bab-al Mandeb, the East-West pipeline, and global refinery capacity), and the increased risk of regionalization for the conflict.

Outlook

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