A military conflict involving Iran would trigger a severe shock to global energy markets, threatening a worst-case scenario for oil and gas supplies. Iran’s strategic position along the Strait of Hormuz, a critical chokepoint for approximately one-fifth of the world’s oil trade, means any disruption could cause immediate and dramatic price spikes. The article analyzes how such a conflict would not only reduce Iran’s own substantial exports but could also lead to the broader closure of the strait, severely hampering shipments from other Gulf producers. This would strain global inventories and test the limits of emergency reserves held by major consuming nations. Furthermore, the instability would likely spread to natural gas markets, particularly impacting European supplies that are already under pressure. The piece concludes that while markets have weathered regional tensions before, a full-scale war would present an unprecedented challenge with far-reaching economic consequences. Read the full article at: https://www.wired.com/story/iran-war-puts-global-energy-markets-on-the-brink-of-a-worst-case-scenario/