Why time is on Iran’s side
A global energy crisis is only just beginning. Political turmoil will follow
A global energy crisis is only just beginning. Political turmoil will follow

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

The world is a mess but markets seem to be shrugging worries over the fallout of the Iran war

Tehran has a strong incentive to keep the conflict going

The Iran crisis is unfolding in a world in which oil and gas supplies are more diversified than in previous decades

Poorer countries face a triple whammy of crises in fuel, food and remittances

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