HOUSTON — The CEOs of the world's most influential oil and gas companies delivered a sobering message this week about the impact of the Iran war on energy supplies and the long-term consequences for the global economy.
The executives gathered in Houston, Texas, for S&P Global's annual CERAWeek energy conference to take stock of the war. They warned that the market is not reflecting the scale of th...
The strongest version of this narrative is that the Iran war has triggered an unprecedented energy crisis with cascading global consequences. The closure of the Strait of Hormuz—an event without modern parallel—has severed a critical lifeline for oil and gas flows, and industry leaders are sounding alarms that markets haven’t fully grasped the physical supply shocks. The executives’ warnings carry weight: they’re not speculating about geopolitics but describing operational realities—evacuations,...