Last week operation between the US-Israel and Iran put a serious issue
in the shortage of gas and oil worldwide. After the US-Israel attack on
Iran, Iran moved to restrict traffic through the Strait of Hormuz, where all oil and gas ships pass and supply the oil to the world. This is the main waterkey for the world’s fuel supplies.
This conflict causes huge travel disruptions and many more issue creates in the future if Harmuz is closed. On the other sight there are, the S&P 500 slid 2% after the opening bell, and more tech companies dropped 2%.
United States crude oil is noted as the highest traded today by 8%, and its total ratio is increasing. In the last two days by 14% since January.
After all these conflicts, the share of energy companies were boost in stocks in trading on the prospect of higher profits and margins from the boost in oil and gas prices.
Natural gas, which is used in home is also increased worldwide in the previous 2 days. Oil and Gas trades also get hype in percentage after Qatar Energy said that it had halted liquefied natural gas production on Monday. Now, today, they also stopped the production of many energy products. ING analysts warned about risks to energy production facilities.
So Iran targeted the US military bases who located in Qatar, Kuwait, Bahrain, Dubai and many more. Before Khamnai’s death its seems that it’s not a long war, but after the death of Iran’s supreme leader, the situation is more dangerous and critical for the US-Israel and more for worldwide countries due to the shortage of Oil and Gas.
Now, in the upcoming days, the main and important focus will be on Iran because if Iran pushes their attacks on the production facilities of the countries where Oil and gas are produced and supplies. So these country stops there energy production.