The Oil, Gas Sector is Already Feeling the Effects of the Israel-Iran Conflict
The first few days of the escalated military conflict between Israel and Iran have already impacted vital energy infrastructure within the two warring countries. With energy production as well as exports from those two countries already being impacted, some analysts are beginning to work out what the worst-case scenario could be if the conflict got a lot worse than it already is. Brent crude prices, the benchmark for oil trade, rose by 7% on Friday to reach more than $74 per barrel after Israel started its unprecedented airstrikes against Iran, prompting Tehran to also launch ballistic missiles at targets in…