Year: 2025
Type: article
Abstract: The Israeli-Palestinian conflict remains one of the key factors affecting the stability of the Middle East, with potentially serious consequences for global oil markets. The escalation of the conflict after October 7, 2023, including massive missile strikes and the start of the military operation Iron Swords, led to a significant increase in oil prices. OPEC+ countries took measures to reduce oil production in response to the current situation, which helped stabilize the market, although ongoing hostilities and geopolitical tensions create new challenges. Of particular concern is the possibility of further escalation of the conflict and its impact on oil-producing countries in the region, as well as on the global oil and gas market. The article analyzes historical parallels, current policies of the main players and possible scenarios for the development of events, emphasizing the importance of coordinating international efforts to prevent a full-scale energy crisis.
Source: Geoeconomics of Energetics
Authors: V. D. Ostanin-Golovnya, A. R. Tekeeva
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4409256763