Name: Dr. Ellen Wald: Risk of Israel Hitting Iran’s Oil Low
Uploaded: 2024-10-14T13:48:34.902-05:00
Duration: 9 min 31 s

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The risk of Israel striking Iran’s oil industry is lower than the market thinks, says Ellen Wald, Ph.D. and author of Saudi, Inc. Despite heightened geopolitical risk in the Middle East for the last year, oil has not been interrupted. Ellen notes that there’s no way for Iran to close the Strait of Hormuz, but the Red Sea is still at risk from the Houthis, and that could drive prices higher. She thinks oil would be priced even lower without the tension.