Oil markets are second most uncertain on record, economist tells Alaska legislators

By: James Brooks

Outlets: Alaska Beacon

Published: March 17, 2026

Words: 739

Last Updated: 3 days, 18 hours ago

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The U.S.-Israeli war against Iran has left oil markets more uncertain than they were during the Great Recession, a state expert told the Alaska Legislature on Monday.

In a pair of hearings, Alaska Department of Revenue economist Dan Stickel told state legislators that the volatility of global oil markets is the second-highest on record, leaving future forecasts particularly unreliable.

“The level of uncertainty around future prices in the oil markets now is higher than during …

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