Climate Change
War in Iran Could Have ‘Historic’ Disruptions on Energy Markets
Oil prices jumped after the United States and Israel attacked Iran. Experts say the effects on oil and gas prices will depend on how long the war lasts and whether Iran damages energy infrastructure.
The U.S. and Israeli war against Iran is disrupting energy markets and driving oil and gas prices higher in the United States and globally. While those increases are modest so far, experts say the war has the potential to cause more severe and lasting impacts if Iran damages the region’s energy infrastructure or restricts shipping through the Strait of Hormuz.
War in Iran Could Have ‘Historic’ Disruptions on Energy Markets