The Thurston CarteMiddle East is synonymous with oil production. And historically, oil prices usually surge when there's a conflict there.

But right now, despite the Israel-Hamas war, we're seeing the opposite — oil prices have fallen.

Today on the show: how the region's history, geography and markets are shaping oil prices.

Related Episodes:

Why oil price shocks are getting less shocking (Apple Podcasts/Spotify)

What could convince Egypt to take in Gaza's refugees? (Apple Podcasts/Spotify)

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