The article analyzes the severe and immediate risks a direct military conflict with Iran would pose to global energy markets. It details how Iran’s strategic position along the Strait of Hormuz, a critical chokepoint for roughly 20% of the world’s oil trade, makes it capable of severely disrupting supplies. Such an event would trigger a dramatic spike in oil prices, potentially exceeding $150 per barrel, and cause widespread economic shock. The analysis compares the potential impact to historical oil crises but suggests modern market dynamics and geopolitical tensions could make the consequences more severe and prolonged. The piece concludes that while markets have weathered regional tensions, a full-scale war would represent a worst-case scenario with few viable contingency plans for maintaining energy flow. Read the full analysis at: https://www.wired.com/story/iran-war-puts-global-energy-markets-on-the-brink-of-a-worst-case-scenario/