How Conflict in the Middle East Could Send Oil Prices Soaring

Ever since Hamas launched multiple coordinated attacks against Israel on 7 October last year, the Middle East has been on the verge of spiraling into an out-of-control regional and perhaps global conflict. Perhaps no time has looked potentially more perilous for the region and for those countries connected to it through politics, economics, or energy prices than right now. On 27 July, Iranian-backed Lebanese terrorist organization Hezbollah killed 12 children and young adults in a rocket strike on a playing field in the Israeli-occupied Golan Heights.…