The article analyzes the severe risks a military conflict involving Iran would pose to global energy security and 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 a focal point of vulnerability. An escalation could lead to the closure of this strait or attacks on regional energy infrastructure, triggering an immediate and dramatic spike in oil prices. The analysis explores the potential for market panic, supply chain disruptions, and inflationary pressures that would ripple through the global economy, drawing parallels to historical oil shocks but noting the current geopolitical landscape is even more complex. It concludes that such a scenario represents a ‘worst-case’ outcome that governments and markets are urgently trying to avert. Read the full article at: https://www.wired.com/story/iran-war-puts-global-energy-markets-on-the-brink-of-a-worst-case-scenario/