How the Middle East crisis could affect the economy, from oil to inflation

Iran produces 3.4 million barrels of oil per day, around 3 per cent of the world’s total. Production and supply could be severely disrupted in the case of further escalation, according to Dr Aura Sabadus, associate fellow at defence think-tank Rusi... Dan Marks and Sidharth Kaushal, Rusi research fellows in energy security and naval power respectively, said attacks on shipping seemed unlikely to increase.