Energy — Iran Conflict Reshapes Global Energy Landscape

Energy · 2026-04-16

The Iran war, now in its seventh week, is producing cascading effects across every segment of the energy complex. Oil prices remain elevated near $95 Brent/$91 WTI, with a 50% surge since late February fueling supercycle talk, while the IMF has cut global growth forecasts and warned of recession if prices average $95+ through year-end. The Hormuz blockade is holding — no ships slipped through in…