Business & Economy · 26 views
Oil prices are climbing again. Here's why this time could be different
Oil prices surpassed $100 a barrel last week. NPR's Ayesha Rascoe speaks to Bob McNally, founder of the research firm Rapidan Energy Group, about how the Iran war is disrupting oil supplies.
AI Summary
The recent surge in oil prices has been attributed to a combination of factors, with the ongoing conflict in Iran being a significant contributor. This time around, the situation is different due to the war's impact on global oil supplies. The conflict in Iran is disrupting oil exports, leading to a shortage in the global market. This shortage is driving up prices, with oil surpassing $100 a barrel last week. The implications of this development are significant, as it highlights the vulnerability of global oil supplies to regional conflicts.
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