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75 Gulf Energy Assets Damaged In U.S.-Iran War As Supply Shock Intensifies

75 Gulf Energy Assets Damaged In U.S.-Iran War As Supply Shock Intensifies International Energy Agency (IEA) Executive Director Fatih Birol was interviewed by the French newspaper Le Figaro earlier on Tuesday and warned that the Gulf energy shock "is more severe than those of 1973, 1979, and 2022 combined" because it is affecting oil, gas, food, fertilizers, petrochemicals, helium, and global trade all at once. Birol said in the interview that more than 75 energy sites across the Gulf region have been attacked, with about a third severely damaged, suggesting tens...
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May 9, 2026 / Tyler Durden
More "Love Taps"? US Reportedly Struck 4 Iranian Tankers As Qatari LNG Tanker Traverses Strait
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From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness
From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness Authored by Daniel Lacalle, For half a century, the Strait of Hormuz was Iran’s weapon. Today, it is its noose. The mathematics of energy have flipped, and with them the balance of coercive power in the Persian Gulf. Iran’s implicit deterrent was geographic, spanning from the tanker wars of the 1980s to the sanctions standoffs of the 2010s. Almost 20% of global seaborne oil, and a similar share of liquefied natural gas, passes through the Strait. The formula was simple:...
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Robert Murphy
Robert Murphy Articles on Mises.org

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