How the Iran war energy crisis threatens to devastate Mideast stability

The siege of Hormuz is pushing already-fragile Iraq, Lebanon and Syria deeper into chaos while straining economies in Jordan and Egypt. Launching a war in such an energy-sensitive region without a plan is a dangerous strategic gamble with severe possible consequences

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How the Iran war energy crisis threatens to devastate Mideast stability

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The siege of Hormuz is pushing already-fragile Iraq, Lebanon and Syria deeper into chaos while straining economies in Jordan and Egypt. Launching a war in such an energy-sensitive region without a plan is a dangerous strategic gamble with severe possible consequences

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Ksenia Svetlova

05:15 AM • March 23 2026 IST

The United States is preparing a military move to take control of Kharg Island, Iran's main oil hub. The goal is to force Iran to reopen the Strait of Hormuz, with global energy prices already surging.

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