Iran War's Impact on Global Energy Markets: A 90-Day Review
The ongoing conflict involving U.S.-Israeli strikes on Iran has led to significant disruptions in global oil and LNG markets. Over the past 90 days, the world has lost approximately 1 billion barrels of crude oil supply, causing oil and gas prices to rise sharply. The closure of the Strait of Hormuz, a critical chokepoint for global oil supply, has forced Middle Eastern producers to curtail output. This has resulted in severe supply shortages, particularly in Asia, and has led to a reconfiguration of trade routes and shipping practices. The conflict has also impacted LNG production, with Qatar halting production due to damage from missile strikes. 
