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    RetroRock Radio – KRIR RetroRock Radio - Santa Clara, CA

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Why a war in the Middle East hasn’t sparked an oil crisis

todayJune 25, 2025

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The LyondellBasell Houston refinery is seen in June. Multiple factors are holding oil prices down, including the fact that the United States is now the world

Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, but it was short-lived — unlike oil crises of the past.

(Image credit: Brandon Bell)

Written by: Prometheus

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