Stable Oil Prices Likely to Become a War Casualty, Experts Say

The current conflict between the US and Iraq, should it escalate to outright war, would have major de-stabilizing effects on the world oil market. A variety of scenarios exist, including short-term price spikes, long-term price decreases, and increases or decreases in Saudi Arabian political and economic influence. Whatever changes may ensue, one thing is clear – oil is the blood that pumps through the body of the global economy. – YaleGlobal