The potential for a shock to the global oil supply looms as a critical consequence of escalating Middle East conflict, threatening global economies with recession.
A disruption in oil supply could lead to soaring gasoline and product prices, discouraging investment and threatening economic stability in oil-dependent nations.
The possibility of conflict impacting Iranian, Saudi, or Emirati oil infrastructure has many fearing a return to past tensions that could jolt the global market.
Recent regional upheavals have shifted the perception of potential outcomes; scenarios previously considered extreme now feel alarmingly plausible amid current conflicts.
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