The war involving the United States, Israel, and Iran has intensified, causing major disruptions to global energy supplies. The International Energy Agency has described this crisis as the largest supply disruption in global oil market history. The Strait of Hormuz, a strategic route for oil and LNG transport, is at the center of these disruptions. Market movements indicate a decrease in the likelihood of a diplomatic agreement between the United States and Iran. This geopolitical escalation threatens the prospects for a peaceful resolution of the conflict.
Source: Read the original article
