Tensions have intensified in the ongoing conflict between the United States and Iran. Military exchanges have extended, drawing additional countries into the fracas, with strikes and counterstrikes affecting areas connected to energy infrastructure and major transport hubs.

The escalation has already disrupted parts of the global oil and gas supply chain, damaging infrastructure, reducing production in some areas, and creating profound uncertainty around global energy flows. Ship traffic through the Strait of Hormuz, one of the world’s most critical energy transit routes, has slowed significantly as security concerns rise.