About That: How High Will The U.S.-Israel War With Iran Push Gas Prices?

Maksym Kaharlytskyi- Unsplash

Oil and gas prices are rapidly rising around the world amid the U.S.-Israel war with Iran. Andrew Chang explains what’s driving the surge and why predicting the next moves in the oil market is so difficult. Here is a direct video link.

Spikes in oil prices, especially late in business cycles, when asset prices and debt levels are elevated, tend to trigger economic contractions (grey bars below since 1970).