🆕The global oil market is sensitive to geopolitical tensions in the Middle East.

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The global oil market is sensitive to geopolitical tensions in the Middle East due to the region's significant oil reserves and production capacity. For example, the 2019 attack on Saudi Aramco's oil facilities led to a significant increase in oil prices.

📎Why the Middle East Still Matters for Oil Prices— Myers, S.(2022)

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geopoliticsmiddle eastoil market

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