Iran War Disrupts Global Energy Markets
The first three months of the U.S.-Israeli strikes on Iran have caused unprecedented disruptions in global oil and LNG markets, with over 1 billion barrels of crude supply lost. The closure of the Strait of Hormuz has led to a collapse in traffic through this critical chokepoint, resulting in production cuts exceeding 10 million bpd.
Topics: geopolitical conflict Iran war impact LNG market oil supply disruption