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Fuel pump nozzles on the forecourt of a petrol station in Liverpool REUTERS - Phil Noble 09:13 What role is oil playing in the war in the Middle East and what's at stake? Analysis Middle East Issued on: 15/03/2026 - 12:03
More than two weeks ago, the United States and Israel launched attacks on Iran. Since then, Iran has retaliated against targets across the Gulf and effectively halted shipping through the Strait of Hormuz. Global oil prices have surged as a result. Did the United States factor this risk into its plans to strike Iran? How long is the spike in oil prices likely to last? FRANCE 24’s Alison Sargent asked Michael Bradshaw, professor of global energy at Warwick Business School in England.
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