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Impact of a Middle East Oil Export Disruption

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  • Philip K Verleger Jr

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.

Suggested Citation

  • Philip K Verleger Jr, 2012. "Impact of a Middle East Oil Export Disruption," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 47(3), pages 197-201, July.
  • Handle: RePEc:pal:buseco:v:47:y:2012:i:3:p:197-201
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