The Atlantic Council - Brenda Shaffer Opinion
In the current tight oil market, where little wiggle room exists between supply and demand, any production outage has the potential to significantly impact the global oil price. And while observers frequently discuss many of the geopolitical risks that could lead to such outages, the potential for outages in Iranian production warrants further consideration—and not simply because of the re-implementation of sanctions. One key threat to Iranian oil production is domestic—specifically intensifying ethnic tensions, the depth of which were recently displayed on the soccer pitch of all places.