Infrastructure strikes in Iran war escalate global energy crisis

Infrastructure strikes in Iran war escalate global energy crisis

Strikes on infrastructure amid the Iran conflict are worsening a global energy crisis. Energy supplies were already tight and prices were soaring due to the closure of the Strait of Hormuz, a key shipping channel through which about a fifth of the world’s oil typically flows. But recent strikes on oil and gas infrastructure are…

Why Energy Is Such a Potent Target in the Iran War

“At least 39 energy oil refineries, natural gas fields and other energy sites in nine countries have been damaged since the United States and Israel began bombarding Iran… Some have been struck by drones. Several have been hit more than once,” the New York Times reports. “As the attacks escalate, both sides increasingly view energy as a potent target — one that is capable of inflicting severe economic pain. Iran depends on oil and natural gas to…

Global Energy System Enters Crisis Mode as Iran War Disrupts Oil, LNG and Trade

The global energy system is entering one of its most critical phases in decades, as escalating conflict involving Iran begins to disrupt oil flows, liquefied natural gas (LNG) exports and key global trade routes simultaneously. What began as a regional military confrontation has rapidly evolved into a systemic economic shock, affecting everything from energy prices and inflation to supply chains and geopolitical alliances. The scale of the disru…