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Energy Crisis from War on Iran Deeper Than Widely Assumed

Apr 07, 2026

The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis.It is delusional of any nation to think that it, or any other country, can emerge as a 'winner' from the conflict, now into its sixth week.The reality is that even with a ceasefire and the resumption of vessel flows through the Strait of Hormuz in the next few weeks…

US-Israel War on Iran Creates Biggest Energy Crisis in History

Apr 21, 2026

The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday.'This is indeed the biggest crisis in history,' Birol told…

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Oil eases after Trump's Iran remarks, stocks fall as US bond rates rise
Bloomberg News reports that Indonesia is planning to tighten its state control on commodity exports.
The Canadian inflation rate has accelerated to 2.8% due to the Iran war and higher gasoline prices
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