US and Israels conflict with Iran centers on oil interests and resources

US, Israel, Iran Engage in Escalating Conflict Over Oil Prices

The global price of oil has surpassed $100 per barrel due to the ongoing conflict between the US, Israel, and Iran. The US-Israeli military operation against Iranian targets has led to Iran’s closure of key shipping lanes in the Strait of Hormuz. Meanwhile, Israel has launched attacks on critical Iranian oil depots.

Despite public outcry and pressure from international leaders, all parties involved appear committed to continuing the conflict. The implications for the global economy and those affected by the conflict are uncertain.

The US, Israel, and Iran have taken steps to disrupt each other’s energy supplies, leading to a significant increase in oil prices worldwide. The Strait of Hormuz, a vital shipping route, has been effectively closed off to commercial vessels.

The conflict is expected to continue, with potential consequences for global markets and economies. The situation remains fluid, and further developments are likely to unfold in the coming days.

This episode was produced by Chloe K. Li, with Sarí el-Khalili, Catherine Nouhan, Tuleen Barakat, Spencer Cline, and Malika Bilal. Editing credits include Alexandra Locke and Alex Roldan. Video editing credits go to Hisham Abu Salah and Mohannad al-Melhem.

Source: Al Jazeera