Common Sense with Bari Weiss ⢠180 implied HN points ⢠09 Mar 26
- Iran and Israel are directly attacking oil tankers and storage facilities, putting energy shipments and infrastructure at immediate risk.
- The Strait of Hormuz is effectively shut and oil prices have surged above $100 a barrel, signaling a tightening of global supply.
- If the conflict spreads to include all Gulf producers and halts tanker traffic or damages infrastructure, it could spark a severe global energy crisis.