Iran is not a major oil producer, but recent civil unrest in the country pushed oil prices to multi-month highs. Investors fear that an Iranian conflict could impact global crude supply in a market already short on spare capacity. CNBC’s Pippa Stevens breaks down why oil markets were spooked by the protests and what it could mean for U.S. consumers.
Produced by: Devan Burris, Macklin Fishman
Reporting by: Pippa Stevens
Animation: Jason Reginato
Senior Managing Producer: Tala Hadavi
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images
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Why Iran Is Moving Oil Markets
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