Sigma Live

Read in "S": War Without Mercy… Puts a Damper on Fuel

Published March 22, 2026, 09:11
Read in "S": War Without Mercy… Puts a Damper on Fuel

The war in Iran is causing concern for the global energy market, as mutual attacks on oil facilities, such as Iran's South Pars field, threaten production and send prices soaring. The closure of the Strait of Hormuz has led to an increase in the price of Brent to $107-112 per barrel, putting pressure on the global economy. According to the Wall Street Journal, if the war continues until May, the price of oil could reach $180 per barrel. Damage to infrastructure creates long-term problems in energy production, while Qatar reports that the restart of its facilities will take 5 years, with a 17% reduction in natural gas production. Israelis estimate that the war will last for a few more weeks, with the possibility of escalation remaining open. The Israeli army has launched a ground operation in Lebanon, facing resistance from Hezbollah and Iran. This situation is causing concern for the global economy and energy security, while the possibility of further escalation is real.