Europe is particularly sensitive to the crisis. Nations like Italy and the United Kingdom, which rely heavily on gas-fired power, are vulnerable to energy shocks reminiscent of the 2021-2022 gas crisis. By contrast, France and Spain are relatively insulated due to their greater reliance on nuclear and renewable energy. Meanwhile, oil-exporting countries with access to regional markets are benefiting, although supply constraints limit their potential gains.
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The post Oil, war, and collapse risks: Hidden global costs of Iran-US-Israel conflict first appeared on The World Web Times – worldwebtimes.com.
