Citation :

Charles Chukwurah Mezie-Okoye, 2025. "Israel-Iran Conflict and Its Impact on Oil Price and Global Economy" ESP International Journal of Science, Humanities & Management Studies(ESP-IJSHMS)  Volume 3, Issue 3: 20-27.

Abstract :

The war between the two countries, Israel and Iran is in full swing and it has dire consequences to the global economic situation especially that of oil prices. This paper focuses on the effects of the war between Israel and Iran on oil and the economies of the world. The war has caused the worsening of tensions in the Middle East, disruptions in the supply chains, sanctions and growth of uncertainty. This has influenced the price changes of oil, which impacts on the stability of world economy. The paper evaluates the impact of the conflict to oil prices, trade and economic growth shedding light on the interdependence of the geopolitical events and the economic performance. The results are a possibility of the conflict leading to increased volatility in the oil markets, which has influenced economies of the world. The paper presents the conclusion that the situation should be observed closely by policy makers and investors who should come up with counter measures to ensure that economic risks are reduced. The dynamics of the Israel-Iran conflict and how it affects the price of oil and the global economy is very essential in exploring the intrigues of the current global economic scene. This study has offered an idea on the vast impact of geo-political turbulence on economic stability as well as on the necessity to take action in advance with regard to possible challenges. Thanks to the investigation of the interconnection between the Israel-Iran dispute and the world economy, such proposed research is anticipated to add to a more in-depth idea of intricate connections between geopolitics, petroleum rates, and economic performance.

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Keywords :

Israel-Iran Conflict, Global Economy, Oil Prices, Market Volatility, Economic Stability.