Is the nightmare scenario for global energy here?
The Iran crisis is unfolding in a world in which oil and gas supplies are more diversified than in previous decades
The Iran crisis is unfolding in a world in which oil and gas supplies are more diversified than in previous decades

A global energy crisis is only just beginning. Political turmoil will follow

Some of the world’s biggest fuel importers rush to secure oil and gas supplies as Middle East conflict chokes flow

Increased priority on security of power supply might see some countries continue to rely on fossil fuels

Oil traders that normally thrive on volatility caught out by scale of crisis as energy shock unfurled

Carriers scale back expansion plans as oil prices soar

The war is currently more likely to escalate than to be resolved by negotiation