EconomyMapping the Iran war’s strikes on Gulf energy – and what comes next for oil
The war involving Iran has sharply disrupted commercial traffic through the Strait of Hormuz, lifting oil prices and delivering major gains for US producers. ExxonMobil and Chevron reported combined second-quarter earnings above $26.6bn, but attacks and supply disruptions threaten US companies’ Gulf assets and future projects. Rystad Energy expects their regional gas supplies to fall about 40 percent this year, with oil supplies down 30–35 percent.
AAl Jazeera★★★★☆2026-08-30 05:09Original
Mapping the Iran war’s strikes on Gulf energy – and what comes next for oil
Economy