Gas Prices, Geopolitics, and a Fracturing Oil Order
The price on the gas station sign is one of the most immediate ways Americans experience war in the Middle East. As tensions tied to Iran ripple through global energy markets, prices at the pump have jumped almost overnight. While these price spikes may settle as hostilities cool, the deeper consequences, like shifts in oil alliances and the erosion of longstanding market structures, will shape energy prices for years [...]