Energy crisis expected to persist post-Iran conflict
The global energy crisis continues to escalate due to disruptions in the oil and gas markets, primarily caused by the war between the United States and Iran. This conflict has led to the suspension of approximately 13 million barrels per day of production, with no full recovery to pre-war production levels observed. The current market situation is mainly linked to restrictions on navigation through the Strait of Hormuz, security and economic challenges. Predictions suggest that the crisis could persist until 2027, owing to the complexities involved in reopening the strait, high insurance costs, and the long-term damage inflicted on the region's oil infrastructure.
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