2026 Iran war fuel crisis

Rare card · No. 44181

The 2026 Iran war fuel crisis is a worldwide fuel crisis caused by the war between Iran and the U.S.-Israel coalition. The closure of the Strait of Hormuz, through which over 20% of the world's oil trade passes, and attacks on energy infrastructure in Iran and several Gulf Cooperation Council countries led to a large disruption in global oil supplies. The disruption led to global oil prices rising and caused fuel shortages in countries which imported most of their fuel from the Persian Gulf region. Much of the world has been affected by panic buying and severe disruption to the distribution of petroleum products, liquefied natural gas (LNG), and urea used for fertiliser. The economies of most countries are expected to be adversely affected by the crisis, leading to inflation and heightened risks of stagflation and recession. As of April 2026 there were ongoing concerns about energy security as well as food security, related to fertiliser shortages and costs. Brent prices initially surged...

Read on Wikipedia · Image Wikideas1, CC0