Iran Conflict Price, Inflation, Shortages.& Tariffs

Terrorist attack targeting US Embassy in Oslo

I monitor all news related to the war in Iran that could affect oil prices.

Sources:

Norwegian police search for suspect after U.S. embassy explosion


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Personal Remarks

Norway is a major producer and exporter of both oil and natural gas, supplying roughly 2% of global oil and 3% of global natural gas demand. As Europe’s top supplier of natural gas, it holds significant offshore reserves in the North Sea.

I sincerely hope Norway is protecting all of its oil and gas infrastructure. If Norway’s energy infrastructure were to be destroyed, Europe would be in serious trouble—much sooner than anyone expects.

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