As with the Russia-Ukraine War, a key component of the Israel-Hamas War (and the underlying conflict between Israel and Hamas’s sponsor, Iran) is oil. The question of how core European countries are to keep their economies going if Russian oil and gas flows are fully sanctioned has long threatened to derail the West’s response to increased Russian aggression in Europe, as analysed in full in my latest book on the new global oil market order. The question of whether Iran’s response to increased Western and Israeli actions…
