The damage wrought to the Middle East’s oil and gas supplies

by · Australian Financial Review

Leslie Hook, Rachel Millard and Verity Ratcliffe
Apr 12, 2026 – 11.56am

The six-week-long Iran war struck at the heart of the world’s most energy-rich region, with oil and gas facilities targeted by both sides and soaring prices for fuel triggering a new global energy shock.

As the dust has begun to settle during a tentative two-week ceasefire, the full scale of the damage has started to become clear, with long-term ramifications for the world economy.

Loading...

Financial Times

Save
Log in or Subscribe to save article
Share

Copy link

Copied

EmailLinkedInTwitterFacebook

Copy link

Copied

Share via...
Gift this article

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber? Login

Introducing your Newsfeed

Follow the topics, people and companies that matter to you.

Find out more

Read More

Latest In Energy

Fetching latest articles