Former NATO Chief Admiral James Stavridis says the growing conflict between Israel and Iran may lead to a disruption in the oil supply from the Middle East.
What Happened: Stavridis, on Sunday, participated in the Cats Roundtable radio show, where he talked about the possible repercussions of the escalating conflict in the region.
As per The Hill, he warned that the situation might result in a “shutdown of oil coming out of the Middle East.”
Stavridis drew comparisons between the present geopolitical scenario and the time leading up to World War II.
He highlighted the increasing strategic tension with China in the Pacific, the ongoing ground war in Europe due to Russia’s invasion of Ukraine, and the escalating conflict between Israel and Iran.
"What makes this moment dangerous, just like the days before World War II, is the rise of strategic tension with China in the Pacific," Stavridis said on the show.
"You've got a pretty significant ground war going in Europe, of course, because of the invasion of Ukraine by Vladimir Putin. And you've got this enormous disturbance parked on the Middle East between Israel and Iran, which could, in the worst case scenario, shut down oil coming out of the Middle East," he added.
Also Read: US Hits Iran Oil Exports With New Sanctions After Israel Attack, Crude Oil Holds Steady At $75
Despite the grim outlook, Stavridis remains hopeful that the upcoming U.S. leadership could play a significant role in preventing further conflict and fostering peace in the Middle East.
His comments follow recent leadership changes at NATO, with Mark Rutte succeeding Secretary-General Jens Stoltenberg.
Stavridis also touched upon the potential consequences of the U.S. exiting NATO, a move previously proposed by former President Trump. He expressed optimism that the nation’s values would help navigate such a divisive decision.
"A strategically dangerous China, war in Ukraine, a Middle East that looks like it's on fire, cyber security, artificial intelligence – all of these are challenges," he added.
"But there is no challenge that we cannot overcome as Americans if we can put our hands together supporting whoever the president of the United States is. That's my prayer," the former NATO chief said.
Why It Matters: The potential disruption of oil supply from the Middle East could have significant global implications, affecting economies worldwide.
The ongoing geopolitical tensions and conflicts pose a serious threat to global oil supply chains, potentially leading to price hikes and supply shortages.
The role of the U.S. leadership in this scenario is crucial, given its significant influence in the region and its potential to mediate and prevent further escalation of the conflict.
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This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
