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A War with Iran Would Wreck the American Energy Market
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A War with Iran Would Wreck the American Energy Market
Reading Ilan Goldenberg recently described for Foreign Affairs what a war with Iran would look like. His analysis was informative, vividĀ and harrowing. But while his attention was focused primarily on the Middle Eastern theatre, I was wondering how such a skirmish would play out here in the United States.Specifically, how it would look for Americans at the gas pump.Goldenberg writes that even isolated, small-scale missile attacks or cyberattacks could drive oil prices to a now-unthinkable $150 a barrel, which is nearly $100 more than what West Texas Intermediate (WTI) crude futures are currently trading at.
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