Global Summit, Rising Oil Prices

This is a Iran news story, published by calgaryherald, that relates primarily to Mark Carney news.

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Global Energy Policy

calgaryherald

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World

Varcoe: Oil prices 'to spike higher' as conflict in Middle East casts shadow over G7 energy security talks

Summary

Nutrition label

73% Informative

The leaders of the seven countries are slated to talk about economic growth concerns, including energy security and critical minerals.

The interplay between geopolitics and the security of energy supplies has just been underscored by the conflict in the Middle East and a jump in oil prices Friday after Israeli airstrikes hit targets in Iran .

Building energy security is one of the key themes Prime Minister Mark Carney has set on the summit’s agenda.

A possible attack on tanker traffic in the Strait of Hormuz , damage to Iranian oil-exporting infrastructure, says Johnston .

“The biggest question to me is, will the Iranians retaliate against not just Israel but against the Gulf countries, and specifically their oil infrastructure, which is a central vulnerability, he says.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

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not hateful