A conflict involving Iran has created severe instability in global energy markets, pushing them toward a worst-case scenario. The primary concern is the potential closure of the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world’s oil passes daily. Such an event would trigger an immediate and dramatic spike in oil prices, likely exceeding $150 per barrel, and cause widespread supply shortages. This would have cascading effects on global inflation, economic growth, and geopolitical stability. While strategic petroleum reserves could provide a temporary buffer, they are insufficient to cover a prolonged disruption. The situation underscores the fragile nature of the global energy system and its vulnerability to regional conflicts. Read the full analysis at: https://www.wired.com/story/iran-war-puts-global-energy-markets-on-the-brink-of-a-worst-case-scenario/