Mapping Iran war’s strikes on Gulf energy - and what comes next for oil
The ongoing conflict in Iran has significantly disrupted oil supply chains, causing Brent crude prices to rise by 22 percent. While US energy companies are seeing record profits, their regional assets face increased geopolitical risk and potential long-term growth delays.
Why it matters
The instability in the Strait of Hormuz impacts global energy security and inflation, highlighting the tension between short-term corporate windfalls and long-term asset vulnerability.
US energy companies have reaped billions from rising oil price, but their assets in the region remain at risk.
x whatsapp-stroke copylink google Add Al Jazeera on Google info (Al Jazeera) By Hanna Duggal Published On 30 Aug 2026 30 Aug 2026 Six months into the war on Iran, the largest US oil companies have posted their biggest profits since 2022, selling less oil at far higher prices. But the conflict is also putting their longstanding Gulf investments at risk, exposing the industry’s uneasy balance between wartime gains and mounting geopolitical vulnerability for investors worldwide.
Since the war began on February 28, Brent crude has risen about 22 percent, from $72 to $88 a barrel.
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