What does war in the Middle East mean for energy markets | FT #shorts

Before the US and Israel bombed Iran, energy experts outlined the worst-case scenario for oil markets: a halt to shipping through the Strait of Hormuz combined with Iranian retaliation against ports, refineries and gas terminals across the Gulf. ⁠ ⁠ Four days into the conflict, much of that scenario has occurred: key energy facilities in the region have been attacked, shutting down the world’s largest liquefied natural gas plant in Qatar and one of Saudi Arabia’s most important oil refineries.⁠ ⁠ Commercial shipping through the strait has stalled, with more than 150 tankers now waiting outside Hormuz, as shipowners and insurers balk at sending vessels through live fire. ⁠ ⁠ However, crude has defied predictions of a rapid surge above the symbolically important $100 a barrel level.⁠ ⁠ #iran #trump #usiran #iranuswar #israel #shortsvideo #shortfeed #shorts #shortsviral #shortsyoutube #shortsvideos #shortfeed #airtravel #aviation #energyprices #oilprice ► Enjoying FT content? Get a daily slice of the very best FT journalism with FT Edit. Free for 30 days then just £4.99 a month See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories: https://www.youtube.com/@FinancialTimes/community ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes ► Follow us on Instagram: https://www.tiktok.com/@financialtimes