Impact of a Middle East Oil Export Disruption

Philip K Verleger

Business Economics, 2012, vol. 47, issue 3, 197-201

Abstract: Two ways that oil exports from the Middle East can be disrupted in the current political climate are sanctions on Iran and Iran blockading the Strait of Hormuz. In considering the impact that these actions might have on the United States and other oil importers, it is important to consider such factors as characteristics of the blocked oil, how other exporters might react, and the possible release by importers of strategic reserves. The paper also provides some historical perspective on how past supply disruptions were resolved.

Date: 2012
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