In order to really be resilient, Israel's economy must include a strong middle class and effective economic policy that is in line with national interests.

Oil prices remain volatile as the escalation between Israel and Iran threatens to spill over onto a regional scale. While this instability boosts Russian coffers, the outcome depends on how long the conflict lasts and how intense it is.

To get a better sense of what’s driving the oil market and what economic risks might lie ahead, MM caught up with Rory Johnston, an oil market analyst at research service Commodity Context who’s been following all of this closely.