1、2025/6/20 11:32The Israel-Iran Conflict and the Oil Market:Strategic Consequences|Royal United Services Institutehttps:/www.rusi.org/explore-our-research/publications/commentary/israel-iran-conflict-and-oil-market-strategic-consequences1/4COMMENTARYThe Israel-Iran Conflict and the Oil Market:Strateg
2、ic ConsequencesDan Marks18 June 20254 Minute ReadGeopolitical shocks continue to impact the oil market as pricesspike in response to the Israel-Iran con?ict.With the USmulling an attack on Iranian nuclear enrichment facilities inFordow,the Strait of Hormuz is one of Irans few remainingdeterrents.The
3、 strategic importance of the Strait of Hormuz is well worn.Roughly 15million bbls/day crude oil pass through the strait and another 5 millionbbls/day of petroleum products:20%of global petroleum liquidsconsumption.While Saudi Arabia and the UAE have limited alternativepipeline routes,much of this oi
4、l could not be exported if the strait wasclosed.There has been some stability in oil markets since an initial spike followingRussias invasion of Ukraine.Depressed global economic growth has reducedoil demand and voluntary production cuts by OPEC+countries,includingRussia,mean that there is signi?can
