"What we're seeing is just one of the clearest depictions yet of the frailty of a global order that is grounded in fossil fuels. All sides in this war are using fossil fuels as a weapon of war."
"Oil prices on Monday soared to nearly $120 per barrel due to the U.S.-Israeli war on Iran, before dropping. Iranian officials have said no oil would be allowed out of the Middle East until the bombardments cease, with President Trump Monday threatening to hit Iran 20 times harder if it continues to block the passage of oil tankers in the Strait of Hormuz."
Oil prices surged past $100 per barrel following U.S.-Israeli military operations against Iran, creating significant concerns for global energy markets and the economy. Iranian officials declared that no oil would be permitted to leave the Middle East until the bombardment stops, raising fears of disruptions in the Strait of Hormuz, through which approximately 20% of the world's oil and gas flows. Israel has struck oil depots in Tehran, causing widespread smoke and toxic rain. President Trump threatened to attack Iran 20 times harder if it continues blocking oil tanker passage through the strait and considered taking control of the waterway. Defense Secretary Pete Hegseth issued similar threats of intensified attacks. Iran retaliated by targeting energy infrastructure and U.S. military bases across Gulf nations, demonstrating how fossil fuels have become weaponized in the conflict.
#oil-prices-and-energy-markets #iran-israel-conflict #strait-of-hormuz-disruption #fossil-fuels-as-weapons #global-economy-impact
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