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2026March › 23

Energy

3 months ago

Donald Trump's Strait of Hormuz deadline for Iran raises concerns about attacks on energy in the Middle East.
Energy prices are starting to retreat after reaching record highs. It should, theoretically, spell good news for consumers, but analysts warn that Trump's latest U-turn is far from an end to the war.
Wright's comments Monday come after Trump threatened to bomb Iran's power plants if the Islamic Republic's leaders do not fully open the Strait of Hormuz.
Energy crunch prompted by Iran war poses 'major threat' to global economy, Fatih Birol says.

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