Striking Iran’s Oil Facilities Would Spark Dilemma for Israel
Targeting the industry would certainly hurt Tehran, but risks sending prices soaring.
Striking the mainstay of Iran’s economy would send oil prices soaring.
Photographer: Marcelo del Pozo/BloombergWelcome to our guide to the commodities powering the global economy. Today, strategist Julian Lee looks at why targeting Iran’s oil industry might pose a dilemma for Israel and its allies. To get this newsletter in your inbox, sign up here.
Prime Minister Benjamin Netanyahu has vowed to retaliate against Iran after it launched a barrage of rockets at Israel. Aiming for the Islamic Republic’s oil facilities, however, would be a mistake.