The Oil Price War

Featured in The Financial Times


Iran and the US

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Nor is the decision to end the war just in the hands of the US and Israel. Roxane Farmafamaian at the UK’s Royal United Services Institute, a defence think-tank, predicts that the Iranians will continue to keep the strait closed and raise oil and gas prices for a significant period.  “Iran wants to be sure that eight months or 10 months down the line, once a ceasefire has been established, that the Israelis and the Americans don’t come back. They don’t want a third war. So they’re going to push this to the point where the Americans cannot come back,” she says.