For decades, Iran has been the nexus of global geopolitical risk. Its potential to create chokepoints in the flow of oil is ingrained in the minds of traders, with the Strait of Hormuz posing the biggest risk. But for all the recent focus — and hype — on the possibility of military conflict, the largest danger is far more mundane: A labor market strike by the nation’s oil industry employees. The distinction is important because while the risk of a US attack has receded, the potential for labor u
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Iran's Real Oil Risk Is Labor Strikes, Not Bombs
