economy
March 20, 2026
Israel has just set off a chain reaction that will set the Gulf on fire
Facing a struggle for survival, Iran is making the world's entire energy economy its battleground
TL;DR
- The war has expanded to target the energy infrastructure of Gulf monarchies, including major LNG hubs and oil centers.
- Iranian strikes aim to paralyze the economic lifeblood of the Gulf, threatening electricity, water, and state revenues.
- Israel's targeting of Iran's South Pars gas field is seen as a historic escalation, prompting broader Iranian retaliation.
- Disruptions to Gulf energy supply threaten global energy security, driving up prices and inflation expectations.
- The conflict risks trapping the US in a prolonged engagement and creating a global economic and political crisis.
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