Ron Bousso

The Iran war has pushed the global oil refining industry to the brink, signalling that diesel and gasoline prices may remain elevated for years. Deal or no deal, the global energy inflation shock is far from over.

Breaking down what matters today in global energy markets

The Iran war has pushed the global oil refining industry to the brink, signalling that diesel and petrol prices may remain elevated for years.

1. How the war has changed Six months into the U.S.–Iran war, the conflict is increasingly becoming a stalemate that could extend into 2027

From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran warby capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change.

From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters.

Oil production in the Americas has become a viable alternative since the outbreak of the war. The shift is one of the most striking changes in the global energy landscape in decades.

Soaring European natural gas prices, ‌driven by the Iran war, threaten to inflict a fresh round of economic pain on the continent just as it races

Oil has surged back above $100 a barrel as the battle for control of the Strait of Hormuz enters a dangerous new phase. On Wednesday, Iran and the United States launched fresh attacks on shipping across the Gulf, marking the most intense wave of maritime ​strikes since the war began in late February.