Escalations in Violence From Iran’s Proxies Threaten Huge Oil Price Spike

A series of intense military exchanges between Iranian-backed terrorist organisation Hezbollah and Israel over the weekend align with the Islamic Republic’s intention to keep pressure on Israel and its key Western allies through multiple indirect mechanisms rather than by direct action from Iran, a senior source in the European Union’s (E.U.) energy security complex exclusively told OilPrice.com. “The incidents on Sunday [25 August] involving Hezbollah and of the previous weeks involving the Houthis stepping up attacks in the…