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Roknifard: Iran Strategic With Use of Allies’ Attacks

Bloomberg Markets
Wednesday, July 29, 2026 at 8:50 AM
~4 min read
Energy

Original Report

The US says it has intercepted several Iranian ballistic missiles on its military bases - breaking the brief pause in fighting in the Middle East. Meanwhile the US and Saudi forces launched attacks...

The US says it has intercepted several Iranian ballistic missiles on its military bases - breaking the brief pause in fighting in the Middle East. Meanwhile the US and Saudi forces launched attacks on Iran-backed militia targets in Iraq in response to the drones attacking Saudi's energy infrastructure. Julia Roknifard, Senior Lecturer, School of law and governance at Taylor's University Malaysia spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the reescalation in the region. (Source: Bloomberg)

Glass House Analysis

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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