The War on Iran Puts Global Energy Security at Risk

SadaNews - Oil prices continued their record increases at the start of the week's trading, exceeding $118 per barrel for the first time since 2022, when the war in Ukraine heightened concerns about energy supplies.

This surge comes at a time when the scope of military confrontation in the Middle East is widening, putting one of the world's most vital energy arteries under unprecedented pressure.

As military escalation shifts towards targeting energy infrastructure and threatening vital shipping routes, markets are beginning to price in more pessimistic scenarios, ranging from temporary supply disruptions to a wide-scale energy shock that could redraw the map of global oil and gas markets.

The Strait of Hormuz, one of the most important strategic maritime passages, lies at the heart of these concerns; a large portion of oil and gas heading to global markets passes through it, making any disruption capable of triggering a wave of volatility extending from Asia to Europe and America, putting the global economy to a severe test in times of geopolitical crises.