Attacks on Oil and Natural Gas Facilities Could Lead to Much Higher Prices
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually ends.
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually ends.
President Volodymyr Zelensky said that 11 countries in the region have asked for Kyiv’s assistance. Russia has launched such drones against Ukraine for years.
As Iran has shown, warfare involves far more deadly projectiles than it once did. It’s a problem Ukraine has been dealing with for years.
Ukraine wants to leverage its defense expertise into security partnerships and to reap potentially vast profits for its arms industry.
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
Treasury Secretary Scott Bessent said it was “unfortunate” that the move could benefit Russia, but maintained that it was only for the short term.
Despite his tough talk, President Trump has consistently made allowances for countries he sees as powerful or dominant.
The volatility in energy markets because of the war in Iran could not come at a better time for President Vladimir V. Putin.
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
As the war in Iran spreads, Kyiv is eagerly offering its hard-won expertise and advanced technology to counter Iranian drones.