Some 50 years after the 1973 Arab oil embargo, the oil markets are again bracing for potential disruptions after Hamas’ surprise attack on Israel and Israel's subsequent bombardment of Gaza.
ClearView Energy Partners managing director Kevin Book joined the podcast to discuss the possible impacts to global oil supplies from the Israeli-Hamas fight and how its links to Iran could play out with regards to sanctions and a change in Washington’s posture toward Tehran. He also touched on potential difficult decisions ahead for President Joe Biden as he enters an election year where voters will be assessing his actions to mitigate climate change and looking for relief at the pump that hinges on keeping more barrels in the global market.
Stick around for Starr Spencer with the Market Minute, a look at near-term oil market drivers.