Why calls for oil embargo on Israel are unlikely to go anywhere

Payne Institute Director Morgan Bazilian contributes to this article about how Israel’s military offensive in Gaza following an Oct. 7 attack by the enclave’s ruling Islamist group Hamas has raised calls in the Middle East, particularly from OPEC member Iran, for using oil as a weapon to punish Israel.  Analysts and OPEC sources, however, say that the energy world today is far different from 50 years ago, and play down any possibility of a new embargo. November 21, 2023.