Tensions have ratcheted up between the US and Iran following Washington’s decision this month to try and cut Iranian oil exports to zero and to send a US aircraft carrier strike group to the Gulf in response to an unspecified threat. “I don’t expect to see a full-scale land invasion, but I’m watching for military escalations by the US or Iranian proxies in Iraq and any other strikes on oil facilities that prove more effective and actually disrupt the flow of oil” added Eckart Woertz, an expert on Gulf security and energy markets at the Barcelona Centre for International Affairs.
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