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The Economic Times

National / The Economic Times

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A riskier Mideast will drive Big Oil toward new frontiers

The U.S.-Israeli war with Iran has shattered the Middle East's reputation as a stable energy hub, damaging infrastructure and disrupting vital shipping lanes. This conflict is forcing major oil companies to seek new fossil fuel resources elsewhere, as higher oil prices make previously marginal regions more attractive for investment.

30 Mar 2026 12:36 pm