Iran War Puts Global Energy Markets on the Brink of a Worst-Case Scenario

Israel and Iran launched strikes on oil and gas production and export facilities, israel and Iran launched strikes on oil and gas production and export facilities this week.

Strait of Hormuz was effectively closed after initial attacks, initial attacks earlier this month closed the Strait of Hormuz.

Oil prices rose above $100 per barrel, oil prices rose above $100 per barrel after the strait closure.

International Energy Agency recommended work-from-home and reduced gas stove use to alleviate price shocks, the International Energy Agency issued recommendations such as working from home and reducing gas stove use to alleviate price shocks.

Israel launched strikes on regional oil and gas facilities including South Pars, israel struck multiple regional oil and gas facilities, including the South Pars gas field.