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Oil, Power, and the Powder Keg: The World on Edge - 24.6.2025
Tensions in the Middle East escalated as Israel conducted a significant airstrike on Evin prison in Tehran, with accompanying U.S. bombings of Iranian nuclear sites, amidst ongoing speculations from President Donald Trump about regime change in Iran. According to Reuters, Iran has threatened retaliation, but immediate actions have not materialized, resulting in stable oil prices and skepticism over Iran's ability to disrupt global supplies. In Spain, a major blackout affecting both Spain and Portugal has been attributed to poor planning by grid operator REE, as reported by Aelec, rejecting…
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