Iran war exposes global dependence on Middle East energy

Inflatie

The US‑Israel war on Iran is disrupting global markets, energy flows, and trade routes, triggering a surge in oil prices and renewed fears of supply shortages. The Strait of Hormuz, a key oil trade route, has effectively come to a halt , driving up transport and other costs and raising the risk of renewed inflation worldwide. China and India face particular exposure due to their reliance on Gulf oil , while Europe's shift to LNG has created new vulnerabilities. As major shipping lines reroute

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Iran war exposes global dependence on Middle East energy http://www.dw.com - 05.03.2026 18:43

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Iran war exposes global dependence on Middle East energy http://www.dw.com - 05.03.2026 18:43