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U.S.-Israel-Iranian Conflict Escalating Global Energy, Supply Chain Crisis
Andrew Lipow said 13.5 million to 14.5 million barrels a day have been cut off, pushing U.S. fuel costs about $830 million higher daily.
- On Tuesday, President Donald Trump imposed a deadline for Iran to reopen the Strait of Hormuz after three weeks of conflict that has severely restricted global energy distribution.
- The United States and Israel led attack against Iran caused a net loss of 13.5 million to 14.5 million barrels of crude oil daily, while Iraq, Kuwait, Saudia Arabia and the UAE shut off another 9 to 10 million barrels.
- Andrew Lipow, with Houston-based Lipow Oil Associates, estimates American consumers are paying about $830 million more daily for transportation fuel; gasoline futures on the WTI increased 42%, while diesel futures surged 69% since February.
- Retaliatory strikes caused Aluminum and Fertilizer shortages, while 600,000 barrels of jet fuel exports—nearly 8% of global demand—remain blocked, forcing ports to charge fuel surcharges passed to consumers.
- Even if the conflict ends, almost 3 million barrels of refinery capacity in the Middle East requires repair; industry experts warn restoration will take years, suggesting elevated fuel costs persist long-term.
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U.S.-Israel-Iranian conflict escalating global energy, supply chain crisis
(The Center Square) – The U.S.-Israel led attack against Iran continues to impact the global oil supply by cutting off Persian Gulf crude production and distribution. It’s not only impacting the global energy supply, it also is facilitating a supply…
Coverage Details
Total News Sources15
Leaning Left1Leaning Right6Center4Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
C 36%
R 55%
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