Energy — Middle East War Pressures Global Energy Supply, Prompts Conservation Measures

Energy · 2026-03-29

The energy landscape is experiencing its most severe disruption since the 1970s oil shocks, with the Middle East conflict creating a perfect storm of supply constraints and price volatility. Brent crude exceeding $100 and WTI above $90 would typically trigger a U.S. shale production surge, but operators are showing unprecedented restraint despite breakeven prices around $62/barrel. This cautious…