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Managing Oil Market Disruption in a Confrontation with Iran

A CFR Energy Brief

<p>The Nimitz-class aircraft carriers USS Abraham Lincoln (CVN 72) and USS John C. Stennis (CVN 74) join for a turnover of responsibility in the Arabian Sea in this U.S. Navy handout photo dated January 19, 2012.</p>
The Nimitz-class aircraft carriers USS Abraham Lincoln (CVN 72) and USS John C. Stennis (CVN 74) join for a turnover of responsibility in the Arabian Sea in this U.S. Navy handout photo dated January 19, 2012. (Handout/Reuters)
  • Robert McNally
    Founder and President, Rapidan Group

Overview

Confrontation with Iran over its nuclear program has prompted worries that escalation could lead to massive oil market disruptions. In this Energy Brief, Robert McNally outlines several scenarios wherein rising tensions could affect the price of oil and identifies and assesses options for policymakers to respond in each case.

<p>A municipal wastewater treatment plant in Oakland, California, on March 20, 2024.</p>
Report
By Matthew Ferren, Adam Segal and Rush Doshi