Iran war's energy impact forces world to pay up, cut consumption - Reuters

An Iran war is disrupting global energy supplies, forcing consumers and governments worldwide to absorb higher fuel costs or reduce consumption. Iran is a major oil and natural gas producer, and conflict in the region threatens critical energy infrastructure and shipping routes that supply markets globally. The disruption has pushed oil prices higher and is straining economies already dealing with inflation and energy security concerns. Countries are responding by drawing down strategic reserves, negotiating alternative supply agreements, and implementing conservation measures to offset the lost Iranian output. The scale of the impact depends on how long the conflict persists and whether it spreads to other energy infrastructure in the region.