Iran has already inflicted major damage on the world economy in response to attacks from the U.S. and Israel. But things could easily go from bad to worse, energy-industry expert Ellen Wald says.
One Missile Could Make the Oil Crisis Much Worse
Iran's geopolitical retaliation has escalated beyond conventional attacks, with a single missile strike on critical energy infrastructure likely to disrupt global oil supplies and trigger economic instability. The energy industry, particularly oil refineries and shipping routes in the Strait of Hormuz, is directly threatened, exacerbating an already fragile supply chain. This escalation could lead to price surges, fuel shortages, and prolonged market volatility.