Iran-Israel-US War Disrupts 20% of Global Oil, Pushes Brent Above $125

The Iran-Israel-US conflict disrupted approximately 20% of global crude oil supplies by closing the Strait of Hormuz.

“How the Iran war breathed new life into Russia's oil and gas industry”

BBC

Brent crude prices surged above $125 per barrel, fueling inflation worldwide.

BBC

More than 40 energy assets sustained severe damage across nine Middle Eastern countries.

The IEA warned the crisis rivals the combined impact of the 1970s oil shocks and Russia-Ukraine gas disruptions.

The energy chaos indirectly benefitted Russia despite ongoing sanctions.

The Kremlin could rake in billions more, easing budget pressures.

Chosunbiz

Russia's energy sector faced problems before the Iran war, with Urals crude sold at a significant discount.

The entanglement of Middle Eastern exports caused demand for Russia's supplies to rise again.

The energy shocks pushed inflation higher across Europe, North America, and Asia.

“Iran Energy Crisis Transforms Russia-Ukraine War Financial Dynamics BY MUFLIH HIDAYAT ON MARCH 31, 2026”

Discoveryalert

Germany and Italy are particularly vulnerable due to manufacturing and energy import dependence.

Turkey's Energy Minister described the situation as a global energy security issue.

Disruptions extended beyond oil and gas into petrochemicals, fertilizers, sulfur, and helium.

Zelenskiy said Iran-Israel-US hostilities already affected Ukraine by boosting Moscow's energy revenues.

He called for mutual halts on attacks targeting energy facilities.

Global Banking & Finance Review®

The interplay between the conflicts underscores how interconnected global security challenges have become.