Economy may withstand oil supply shocks from conflicts
pre-market1 source ↓written by the desknot a recommendation
- prices spiking
- $84/barrel
- following the Russia-Ukraine
- $117
The latest oil crisis marks the fourth in four years, with prices spiking from $84/barrel to $117 following the Russia-Ukraine invasion. The Israel-Palestine conflict in October 2023 had a brief impact, while a US-Israel strike on Iran in June 2025 saw limited effects due to Iran's minor role in global oil supply. Traders should monitor ongoing geopolitical tensions as they may influence oil prices and market sentiment.
Not investment advice. For informational purposes only.