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US and Israel Strike Iran: 16 Million Daily Barrels Threatened

US and Israeli strikes on Iran blocked the Strait of Hormuz and suspended Qatari LNG exports, triggering fragmentation of global energy markets and reviving the race for national energy independence.

US and Israel Strike Iran: 16 Million Daily Barrels Threatened

CountriesIran, États-Unis, Israël, Qatar, Arabie Saoudite
CompaniesRystad Energy
ThemePolitique & Géopolitique, Sécurité énergétique

Strikes by the United States and Israel on Iran upended global energy markets in days. Oil prices surged, rising steadily as the prospect of prolonged conflict sharpened. Qatar suspended all of its liquefied natural gas (LNG) exports, depriving major buyers in Europe and Asia of critical supply. Iran blocked access to the Strait of Hormuz, a strategic corridor through which more than 16 million barrels of oil typically flow daily, according to Rystad Energy. Saudi Arabia also shut down a key refinery.

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