Iran/Israel Strike Up Inflation?

Energy News Beat Podcast

Iran/Israel Strike Up Inflation?

October 14, 2024

In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner covers top headlines, focusing on the potential impact of an Israel-Iran conflict on oil prices and inflation. He explains that Israel might target Iran's oil assets, which could push oil prices beyond $100 per barrel, possibly even reaching $200. Tanner also discusses the decline in UK gas production, partly due to the windfall profits tax, which has led to increased reliance on imports. He touches on global oil markets, mentioning key events like Libyan oil production recovery and U.S. rig counts, concluding with a brief financial market update.

Highlights of the Podcast

00:00 - Intro

00:54 - Israel-Iran: A strike on oil assets could revive inflation

06:12 - UK Gas Production Is Declining Faster Than Expected, Lobby Warns

10:23 - Markets Update

13:14 - U.S. Oil Drilling Activity Inches Up

14:01 - Outro

Please see the links below or articles that we discuss in the podcast.