Expert analysis from Sahar Razavi featured on CBS News
US vulnerable as one of world's largest oil consumers
Market volatility expected to continue with ongoing conflict
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Sahar Razavi, director of the Iranian and Middle Eastern Studies Center at Sacramento State, warned Americans during a CBS News broadcast that they will likely face a significant increase in gas prices due to the ongoing war with Iran, which is disrupting global oil markets. The conflict has created uncertainty in international energy supplies, with major shipping lanes in the Persian Gulf becoming increasingly volatile. According to energy analysts, the situation has already caused crude oil prices to fluctuate dramatically, with experts predicting further instability as hostilities continue. The United States, as one of the world's largest oil consumers, is particularly vulnerable to these market disruptions, with gas prices at the pump expected to rise in the coming weeks as refineries pass along increased costs to consumers.
Geopolitics (from Ancient Greek γῆ gê 'earth, land' and πολιτική politikḗ 'politics') is the study of the effects of Earth's geography on politics and international relations. Geopolitics usually refers to countries and relations between them. According to multiple researchers, the term is current...
The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation or subsidy, and the availability of local sources of gasoline (supply). Since fuels are traded worldwide, th...
