oil

News this week that Repsol looks increasingly likely to accept a settlement from Argentina’s government over the forced nationalisation of its YPF subsidiary, makes a new paper from Chatham House on clashes over mineral contracts very timely.

The report suggests there is a clear correlation between rising oil prices and the number of disputes in the extractive industry (think oil, minerals and metals).

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Amid rising diplomatic tensions with Iran this year, the west has been ramping up its efforts to choke off Iran’s oil exports, the country’s main source of foreign revenues.

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