Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks
Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.
Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.
Iran is often portrayed as one of the world’s most dangerous actors, but with its attacks on Iranian defenses, nuclear sites and proxy militias, Israel has exposed a compromised and weakened adversary.
Israel called the move “outrageous.” A French official said Israeli companies were defying an agreement not to display so-called offensive weapons.
The French-Israeli relationship has always been turbulent, but the prospect that President Emmanuel Macron may recognize a Palestinian state has brought tension to a new level.
The conflict, the most intense fighting between the two countries in decades, has been met in the United States with feelings of “frustration and helplessness,” as well as heartbreak.