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BBCNEWS Asia July 3, 2024

Territories are oil producers, but because the middle east is such a huge oil producer as a region, about a third of the worlds oil comes from this region it is what people call the wall risk premium. You have all these interconnected players, pieces of the puzzle, the question is now whether israels response of these attacks can be limited, how long will it last, is going to dragon diplomatically other regional players, so that is really what is contributing to the volatility. A lot of talk about iran, that critical to a chokepoint. Reports of uranian involvement in these attacks. Iranian. It should be pointed out Antony Blinken has said there is no evidence to suggest any iranian involvement so far but it plays into this atmosphere of uncertainty and basically not really knowing what happens next. And that really is reflected in things like the price of oil. find really is reflected in things like the price of oil. And very bri ....

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