UPDATES

Study weighs economic cost of a nuclear Iran

Oct 16, 2012 | Ahron Shapiro

Study weighs economic cost of a nuclear Iran
news_item/DSCF0534.jpg

Many analysts have expressed concern about the potential costs, economic and otherwise, of a military strike to stop Iran’s nuclear program – and rightly so. However, it is also important to take into account the heavy economic costs associated with inaction that would allow Iran to achieve nuclear capabilities.

Many have expressed concern that a crisis surrounding the Iranian nuclear program could spark a huge spike in oil prices, and seriously impede a global economic recovery. However, doing nothing could do the same thing, according to a new report by the Washington DC-based Bipartisan Policy Center.
If Iran achieves nuclear weapons capability, widespread regional instability in response could aggravate uncertainty about the security of energy production and transport, raising oil prices and negatively impacting the global economy, the well-known think tank agrees.

The report states,

 

Our analysis indicates that the expectation of instability and conflict that a nuclear Iran could generate in global energy markets could roughly increase the price of oil by between 10 and 25 percent, which, given current international oil prices, would result in prices $11 to $27 higher per barrel.

 

The complete report can be accessed at the Bipartisan Policy Center’s website.

Ahron Shapiro

 

Tags:

RELATED ARTICLES


Screenshot from a video showing radical Israeli rioters torching Palestinian homes in the West Bank town of Huwara on Sunday evening (Image: Twitter)

West Bank unrest escalates following violent riots by Jewish protesters in Huwara

Mar 1, 2023 | Update
The Iranian regime has been releasing some of the thousands of political prisoners arrested during the recent anti-regime protests. But the world should recognise that this is not a genuine change of heart, but a ruse, according to the author. (Image: Shutterstock, Novikov Aleksey)

Lessons from the Iranian protests

Feb 20, 2023 | Update
“Juniper Oak” logo. Credit: Israel Defense Forces

“Juniper Oak”: A Message to Iran?

Feb 10, 2023 | Update
The aftermath of the fatal terror attack in Jerusalem (Image: Twitter)

Heinous terror in Jerusalem

Feb 3, 2023 | Update
Israel's Supreme Court sitting earlier this month. Plans for judicial reforms that would limit the power of the Court have stirred intense debate in Israel. (Image: Eddie Gerald / Alamy Stock Photo)

Israel debates proposed judicial reforms

Jan 24, 2023 | Update
Image: Shutterstock

Evolving debates about Iran policy

Jan 17, 2023 | Update

SIGN UP FOR AIJAC EMAILS

RECENT POSTS

Image: Shutterstock

AIJAC welcomes additional Iran sanctions

FrfQGIYaIAAu39s

AIJAC backs “tough measures” against neo-Nazis

Susan Abulhawa (Image: Wikimedia Commons)

Abulhawa exposed by the ABC, which then buried the story

Image: Shutterstock

Why we need the IHRA definition of antisemitism

Image: Shutterstock

Letter: Religious bigotry, and racism, have no legitimacy in public discourse

Image: Shutterstock

AIJAC welcomes additional Iran sanctions

FrfQGIYaIAAu39s

AIJAC backs “tough measures” against neo-Nazis

Susan Abulhawa (Image: Wikimedia Commons)

Abulhawa exposed by the ABC, which then buried the story

Image: Shutterstock

Why we need the IHRA definition of antisemitism

Image: Shutterstock

Letter: Religious bigotry, and racism, have no legitimacy in public discourse

SORT BY TOPICS