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Black GoldinFlames: HowtheIran War Is Reshaping Global Oil Markets

OnFebruary28, 2026, U.S.andIsraeliforceslaunchedstrikesonIran,triggeringaconflictthatsentshockwavesfarbeyondtheMiddleEast.Withindays,oneoftheworldsmostcriticalenergyarteries,theStraitofHormuz,wasdeclaredclosedbyIranianforces,causingwhattheInternationalEnergyAgency(IEA)hasdefinedasthelargestsupplydisruptioninthehistoryoftheglobaloilmarket. Oil prices have reached levels not seen inyearsand inflationary pressures are mounting globally. To understand how bad this crisisactually is, one must first u

11 May 2026 2:21 am