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Experts React: Energy Implications of Escalating Middle East Conflict

 The escalating turmoil in the Middle East threatens global energy markets, yet oil prices remain stable. What's behind this unexpected calm amid regional conflict? What could trigger a market reversal? CSIS consults leading experts for insights.

Commentary by Kevin Book, Ben Cahill, Adi Imsirovic, Raad Alkadiri, Kunro Irié, and Leslie Palti-Guzman — October 8, 2024

Oil Market Interventions and Consequences

A growing share of global oil consists of sanctioned volumes traded by dodgy intermediaries in an opaque shipping sector. Energy sanctions can deny revenue to oil-producing states, but these measures also have some potentially serious, unintended consequences.

Commentary by Ben Cahill and Adi Imsirovic — July 16, 2024

Russian Oil Price Caps Are Failing a Key Test

Rising oil prices exposed flaws in the Russian oil price caps. Russia has discounted its oil, but mainly because of embargoes rather than price caps, and the market has found ways to game the system. Tougher sanctions enforcement is possible but challenging.

Commentary by Adi Imsirovic and Ben Cahill — October 25, 2023